GoldenPeaks Capital has signed a Memorandum of Understanding (MoU) with Envision to jointly deliver 1 gigawatt-hour (GWh) of advanced battery energy storage projects across Europe, the companies announced on Thursday.
The agreement, formalized in London by senior executives from both firms, represents a significant step in GoldenPeaks Capital’s expansion of its energy storage portfolio, leveraging Envision’s next-generation Gen 8 battery technology.
Under the MoU, Envision will provide high-energy-density battery systems aimed at enhancing grid flexibility and offering rapid response to renewable energy intermittency. The initial phase includes two projects totaling 344 megawatt-hours (MWh) already awarded to Envision.
GoldenPeaks Capital has secured 2.5 GWh of capacity market-awarded battery projects in Poland and has financed its first installations through a major European infrastructure debt fund. All projects carry long-term capacity market contracts, ensuring stable cash flows while supporting the Polish grid.
“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.”
Daniel Tain, co-founder and co-chairman of GoldenPeaks Capital, added, “This MoU marks another important step in our commitment to deliver innovative and scalable energy storage solutions across Europe. 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 has more than 15 years of experience in renewable energy development and financing, with a growing portfolio of solar and storage assets throughout Central and Eastern Europe.
