It is reported that Vanda RE was jointly established by Singapore's Gurīn Energy and Gentari, a subsidiary of Malaysia's national petroleum company, with a strong background. The project purchased this time is located in the Riau Islands of Indonesia. It is a solar energy plus energy storage development project for public utility development. The project plans to simultaneously build a 2GW photovoltaic power station and a 4.4GWh energy storage system. After completion, it will become one of the largest photovoltaic and energy storage integrated projects in Southeast Asia, and rely on the Indonesia-Singapore "Green Economic Corridor" to export electricity to Singapore. It is expected to deliver about 300MWh of electricity per year. At present, the Singapore Energy Market Authority (EMA) has given conditional approval to the project and power export plan in 2024, and the overall project is scheduled to be completed in 2027.

As the core supplier of the project's energy storage system, CATL's cooperation with Longi Green Energy and Trina Solar in terms of photovoltaic module supply will form synergy to jointly support the implementation of this super-large project.

According to the news, the above battery energy storage systems will be produced in CATL's factory in West Java, Indonesia. On June 29, CATL's joint venture factory project in Indonesia officially started. The initial production capacity of the factory is 6.9GWh, which is expected to be completed and put into production by the end of 2026, and will be gradually expanded to 15GWh. The factory is part of CATL and IBC's joint investment of US$6 billion in the development of new energy vehicle batteries in Indonesia, covering upstream and downstream businesses in the battery industry.

In addition to Vanda RE, CATL recently signed a memorandum of cooperation with BHP, a leading global integrated resource company. The two parties will give full play to their respective advantages and cooperate in the fields of electrification of mining equipment, fast charging infrastructure construction, energy storage and battery recycling, and promote the electrification transformation of mine operations with integrated and panoramic solutions, creating a replicable green transformation model for the global mining industry.

Since 2025, CATL has continued to make efforts in the field of energy storage and has signed a number of major orders in succession.

On January 17, at Abu Dhabi Sustainability Week (ADSW), Masdar, the UAE’s international renewable energy company, announced the preferred contractors and suppliers for the world’s first large-scale “all-weather” photovoltaic energy storage gigawatt-scale project. CATL, as the preferred supplier of battery energy storage systems (BESS), will provide 19GWh energy storage systems, using advanced TENER technology to ensure excellent energy density and reliability.

On January 27, CATL signed a strategic agreement with global logistics giant DHL Group. According to the agreement, CATL will provide advanced liquid-cooled energy storage systems and energy management platforms for DHL's logistics parks around the world.

On February 6, the winning result for the energy storage system of Guoxin Liyang 100,000 kW/200,000 kW-hour energy storage power station project was announced, and CATL won the project with a bid price of 121.38 million yuan.

On February 20, the second day of the Japan International Smart Energy Week, CATL and TAOKE, a well-known Japanese renewable energy solution provider, signed a battery procurement contract with a total capacity of 300MWh in 2025 for TAOKE's grid-side energy storage projects in Japan. It is worth mentioning that in 2024, TAOKE had signed a 350MWh procurement contract with CATL, and this renewed cooperation further consolidated the strategic partnership between the two parties.

On March 6, according to foreign media reports, Quinbrook, an investor dedicated to global sustainable energy infrastructure, announced that it will cooperate with CATL to deploy 3GW/24GWh of energy storage system EnerQB across Australia. It is understood that EnerQB is the result of two years of design and development by Quinbrook and CATL. Its core breakthrough is that the energy density is increased by 80%, and the parasitic load (power loss in non-working state) is reduced by 45%. It is the "world's first" true 8-hour lithium-ion battery energy storage system.

Recently, independent power producer (IPP) Lydian Energy announced the completion of its first financing of US$233 million for three battery energy storage system projects in Texas, USA, with a total scale of 550MW/1100MWh. The company's CEO Emre Ersenkal revealed that CATL will provide battery energy storage systems for these three projects. It is understood that the construction of these three projects has started and is expected to start operation in the fourth quarter of 2025. Lydian Energy introduced that it has currently developed 20 solar energy and energy storage projects with a total capacity of 4.7GW.

Previously, CATL also secured an order for the Reeves Plains battery energy storage project in South Australia in advance: the project was developed by Alinta Energy, and the first phase was approved in early July. The scale is 250MW/1000MWh, using 194 CATL battery energy storage system units; the second phase will be expanded to 500MW/2000MWh. The project is scheduled to start construction in 2026 and be put into operation in 2028.

According to data from SNE, a South Korean battery and energy research company, CATL's global market share of energy storage battery shipments will reach 36.5% in 2024, ranking first for four consecutive years. According to the annual report data, CATL's energy storage battery system sales in 2024 will be 93GWh, and the revenue of this business will be about 57.29 billion yuan, accounting for 15.83% of the company's total revenue. It is worth mentioning that CATL's energy storage battery gross profit margin in 2024 will be 26.84%, exceeding the 23.94% gross profit margin of power batteries for the first time.