GoldenPeaks Capital and Envision have signed a memorandum of understanding in London to collaborate on deploying advanced battery energy storage systems across Europe. Under the agreement, Envision will supply 1 gigawatt-hour of its latest utility-scale battery energy storage system technology, designed for rapid response to renewable intermittency and enhanced grid flexibility.
The MoU was formalized by Fubin Lu, chief procurement officer of GoldenPeaks Capital, and Henry Peng, senior vice president of Envision Energy and president of Envision’s Europe and LATAM regions. The signing ceremony was attended by Daniel Tain, co-founder and co-chairman of GoldenPeaks Capital, and Lei Zhang, chairman of Envision.
As part of the initial phase, Envision has already secured contracts for two projects totaling 344 megawatt-hours of storage capacity. These installations will leverage Envision’s high energy density Gen 8 BESS technology to provide critical grid support and stability in key European markets. The collaboration aims to accelerate the broader rollout of next-generation storage solutions that can integrate seamlessly with renewable generation and strengthen grid resilience.
GoldenPeaks Capital has strengthened its position in the region’s storage market by securing 2.5 gigawatt-hours of capacity-market-awarded projects in Poland. The company has also obtained financing for its first energy storage projects through a major European infrastructure debt fund, underscoring investor confidence in its development and execution capabilities.
“The integration of world-class energy storage is essential to supporting the growth of renewable power and ensuring grid stability,” said Lei Zhang. “Our partnership with GoldenPeaks Capital will help transform Europe’s energy infrastructure at scale.”
Daniel Tain added, “This MoU represents a significant step toward delivering innovative, scalable storage solutions across the continent. Envision’s advanced technology aligns with our strategic vision to enhance reliability and sustainability on Europe’s power grids.”
With more than 15 years of experience in renewable energy development, GoldenPeaks Capital continues to expand its pipeline of solar and storage assets. The company’s end-to-end approach covers project development, financing, construction, and operations, enabling the seamless integration of battery storage with its existing renewable generation portfolio.
Source: Business Wire
