Xiamen Hithium Energy Storage Technology (Hithium) and the Sun Valley HK Group (Sun Valley) have signed a Memorandum of Understanding (MOU) for strategic cooperation on energy storage business in Australia.
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According to the agreement, Hithium and Sun Valley intend to explore various forms of cooperation on eight solar farms projects under construction of totally about 200MW/400MWh and coming 400MW/800MWh projects in planning.
Sun Valley HK Group is a leading solar farm developer and highly committed to seeking innovative opportunities for solar and energy storage projects globally. By signing the MOU with Hithium, both parties will have a diversified and profound cooperation space in energy storage.
As demand for renewable energy increasing in Australia, energy storage continues to play an essential role in the power sector. Hithium said it considers Australia “a significant market”.
“This profound cooperation is with the intention to jointly build safer and more sustainable energy storage projects in Australia and reach a net-zero environment. On the basis of this MOU, Hithium will make full use of its capacity to innovate and deliver more energy storage projects in the near future,” the company said in a statement.
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“By leveraging Hithium’s cutting-edge energy storage products, Sun Valley’s solar projects will reach new heights in terms of energy storage safety and sustainability. The cooperation will also enable Hithium to enhance its global footprint, especially in Australian market, and promote the application of its advanced energy storage technologies.”
