SMA and BYD Announce Strategic Global Storage Partnership

SMA Solar Technology AG and battery manufacturer BYD Co., Ltd., agreed on joining forces to globally drive efficient renewable energy solutions forward.

On 23 October, the two companies signed the official partnership agreement at BYD’s headquarters in Pingshan, Shenzhen, China. After a successful cooperation in the European market and in the APAC region, the African, and especially the US markets, will now also be targeted in close cooperation. Julia Chen, Global Sales Director, BYD Batteries, stated: “This is a huge market potential which we’d like to address together with a trusted partner like SMA to offer customers end-to-end solutions for all their energy storage demands. SMA is one of the most trusted brands in the market and we have built a very successful partnership between our companies during past years, which contributed to the success of our Battery-Box energy storage solutions in the European and APAC markets. We are delighted to expand the cooperation with SMA and to combine our resources for our joint goal of advancing the utilization of renewable energy solutions.”

The partnership agreement states that technical solutions will be developed in cooperation and that marketing will be promoted jointly, especially in the residential and commercial energy storage areas. Furthermore, SMA and BYD promised to continue to meet their customers’ needs for end-to-end and bundled solutions.

Source: SMA Solar Technology AG

Image Source: SMA Solar Technology AG | sma.de

 

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