Ruipu Lanjun and Wolong Energy Storage signed a cooperation agreement to provide 1GWh energy storage

Stge Home Energy Storage learned: On December 14th, Ruipu Lanjun Energy Co., LTD. (hereinafter referred to as Ruipu Lanjun) and Zhejiang Wolong Energy Storage System Co., LTD. (hereinafter referred to as Wolong Energy Storage) signed a strategic cooperation framework agreement in Shenzhen. Yi Huiqiong, head of Ruipu Lanjun Energy Storage Division, and Dr. Wang Feng, Deputy General Manager of Wolong Energy Storage, signed the contract on behalf of both companies. According to the agreement, Ruipu Lanjun will provide 1GWh energy storage cell to Wolong Energy Storage, carry out joint exploration in the global energy storage field, and promote and lead the high-quality development of the industry.

It is understood that Wolong Energy Storage is a holding subsidiary of Wolong Electric Drive Group Co., LTD., a major motor and drive solution manufacturer in the world. It is a strategic emerging enterprise developed under the background of national two-carbon economy. It provides key equipment and energy storage system solutions for new energy storage for power grid, household and industrial and commercial customers at home and abroad.

Facing the next ten years or even longer cycle, the global energy storage super track is fully opened. Data shows that it is expected that in 2025, the global energy storage battery shipment will reach nearly 500GWh, and by 2030, the global energy storage battery market will exceed 2 trillion.

The signing of this contract signals that Rupu Lanjun and Wolong Energy Storage will make full use of their respective superior resources to jointly explore new energy storage markets at home and abroad. The conclusion of this strategic cooperation will enhance the market competitiveness of both sides, promote the sustainable development of the new energy industry and the popularization of green electricity application, and jointly contribute to the realization of the global carbon neutrality goal.

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