Rolls-Royce, through its Power Systems division, and Chinese battery manufacturer CATL have signed a strategic co-operation agreement to launch CATL's new TENER product line for grid scale Battery Energy Storage Systems (BESS) in the
Rolls-Royce, through its Power Systems division, and CATL, a global leader of new energy innovative technology, have signed a strategic co-operation agreement to launch CATL's new TENER product line in the
Large, or grid-scale, energy storage systems enable the integration of renewable energy sources, which may have intermittent or variable output depending on weather conditions, into an energy grid while increasing stability and reliability. This fully integrated solution enables customers to utilise the latest grid and trading services, while supporting the energy transition by creating a more sustainable energy infrastructure. Battery storage systems are a strategic focus and area of growth for Power Systems, as highlighted at Rolls-Royce's Capital Markets Day last November.
Last year, Rolls-Royce and CATL signed a long-term supply agreement to collaborate on more than 10 Gigawatt hours (GWh) of storage capacity. Together, the two companies have built a close working relationship on the integration of TENER products into fully fledged EPC-turnkey projects with an all-inclusive service offering. Depending on the specifications and exact usage, the new TENER product can achieve zero degradation in the first five years of use.
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Rolls-Royce develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea and on land. Our products and service packages enable our customers to connect people, societies, cultures and economies together; they meet the growing need for power generation across multiple industries; and enable governments to equip their armed forces with the power to protect.
Rolls-Royce has a presence in 48 countries and customers in more than 150, comprising over 250 commercial large aero engine customers, 160 armed forces and navies and approximately 40,000 active Power Systems customers. We are committed to becoming a net zero company by 2050 and we support our customers to do the same.
Annual underlying revenue was
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