According to Wechat Official Account @EnergyStorage001, on April 15, local time, Mr. Lu Yonghua, President of Linyang Group and Chairman of Linyang Energy, Mr. Fang Zhuangzhi, Senior Vice President of Linyang Energy, and other senior leaders of the company went to Milan, Italy, to hold in-depth talks with strategic partner SVAM.
Based on the results of the previous rounds of high-level visits, the two sides reached a new consensus on the strategic layout of the European optical storage market, and formally signed a framework agreement on the cooperative development of the 560MWh energy storage project in Italy.
During the strategic talks, the two sides focused on three core issues: the progress of existing cooperation projects, the situation of the regional power market and the planning of future cooperation paths. During the meeting, SVAM highly recognized LinYang Energy's performance accumulation and technical precipitation in energy storage system products, and paid particular attention to LinYang Energy's technological enhancement in terms of environmental friendliness, economy, reliability, safety and high efficiency. The other party said that the mutual visits and close cooperation between the two sides had laid a solid foundation for the signing of this agreement, and that in the future, it would rely on its own local strengths, continue to innovate, and work with LinYang Energy to build a closed-loop service system for sustainable energy projects from scheme design to intelligent operation and maintenance, and to maximize the value of the project, optimize the efficiency as a guide, and provide reusable business cases for the upgrading of the flexibility of the power grid in Italy.
Mr. Lu Yonghua, Chairman of the Board of Directors of SVAM, was optimistic about the prospects of cooperation between the two companies and said that the rising proportion of renewable energy in Italy's power grid has put forward higher requirements for grid flexibility, and with the policy drive of the Mechanism for the Acquisition of Capacity for Energy Storage (MACSE), the development of Italy's energy storage market has ushered in an important window of opportunity. LinYang Energy fully recognized SVAM's local resource advantages and project development experience in Italy, and hoped that both parties would take this framework agreement as a new pivot for strategic cooperation, give full play to their complementary strengths, accelerate the landing of projects, and seize the first opportunity in the Italian energy storage market.
The signing of this agreement not only upgrades the strategic cooperation between the two companies from PV to energy storage, but also injects strong momentum into the company's accelerated expansion of the European energy market, further demonstrating LINYANG Energy's firm determination to pursue the global energy transformation. In the future, LYE will continue to build a multi-dimensional and high-efficiency innovative cooperation paradigm with its technological innovation and globalization strategy, contributing LYE's wisdom to the development of the green energy ecosystem in Europe and even around the world.
Source：https://mp.weixin.qq.com/s/9W0AEQDxTbzJ8zE0-QdRuA