Emeren Reaches 1GW Storage Milestone in Italy

• The Emeren Group Ltd has reached a remarkable success with 1GW of battery storage systems across Europe, North America, and Asia. Joining forces with Matrix Renewables, Enerpoint, and Kaizen Invest Holding, the company now has 975MW of projects and Ready-To-Build status in 2025. With a 3GW portfolio and 10GWh storage pipeline, Emeren is leading the industry.

Emeren Group Ltd has achieved a significant milestone, delivering around 1GW in development of battery storage systems. The company has formed a joint venture with Matrix Renewables, Enerpoint, and Kaizen Invest Holding to leverage its expertise and experience in the Italian solar and battery storage industry. 975MW of battery storage projects have been sold in Italy, with Ready-To-Build status expected for early 2025. Emeren has a 3GW pipeline of projects and IPP assets as well as a storage pipeline of over 10GWh across Europe, North America, and Asia.

What Milestone Has Emeren Group Achieved?

• The joint venture will create a leading energy storage provider in Europe, leveraging Matrix's experience in renewable energy and energy storage, Enerpoint's expertise in energy storage, and Kaizen's financial and corporate capabilities
• The combination of projects will provide a diverse portfolio of energy storage solutions
• The joint venture is expected to bring a combined 6GWh of operational energy storage capacity in Europe by 2023
• The joint venture will provide a variety of energy storage solutions, from grid-scale and residential systems to commercial and industrial applications
• The joint venture will also provide a platform to develop new energy storage technologies, such as hybrid energy storage systems
• The joint venture is expected to increase the uptake of energy storage solutions across Europe, helping to facilitate the transition to clean energy
• The joint venture is expected to improve energy security and reduce carbon emissions across the continent
• The joint venture will also help drive the development of new business models and technologies, such as the use of Virtual Power Plants (VPPs)