GoldenPeaks Capital has signed a Memorandum of Understanding with Envision to deliver 1GWh of advanced battery energy storage projects across Europe.
The agreement, signed in London by senior executives from both companies, marks a key milestone in GoldenPeaks Capital’s expansion of its energy storage portfolio using Envision’s next-generation Gen 8 battery technology.
Under the MoU, Envision will supply high-energy-density battery systems designed to enhance grid flexibility and deliver rapid response to renewable intermittency. The first two projects, totalling 344MWh, have already been awarded to Envision as the initial phase of the cooperation.
GoldenPeaks Capital has secured 2.5GWh of Capacity Market-awarded battery projects in Poland and has funded its first installations with a major European infrastructure debt fund. All projects have long-term capacity market contracts, ensuring stable cash flows and delivering vital grid support to the Polish network.
“We are entering a critical era in which renewable energy must go hand in hand with world-class energy storage for grid stability and flexibility,” said Lei Zhang, chairman of Envision. “This collaboration with GoldenPeaks Capital reflects our commitment to transform Europe’s energy infrastructure at scale.”
“This MoU marks another important step in our commitment to deliver innovative and scalable energy storage solutions across Europe,” said Daniel Tain, co-founder and co-chairman of GoldenPeaks Capital. “Envision’s high-energy-density technology perfectly complements our strategic vision to deploy state-of-the-art systems that support the reliability and sustainability of Europe’s power grids.”
GoldenPeaks Capital operates more than 15 years in renewable energy development and financing, with a growing pipeline of solar and storage assets across Central and Eastern Europe.