Tapsun Signs Global ESS Business MOU with CATL

TopSun partners with CATL to expand its global ESS business.

TopSun, a solar integrated solutions company led by CEO Yoon Jung-taek, announced on the 4th that it has signed a strategic business agreement with CATL (Ningde Times, CATL Chairman Zeng Yuqun), the world's largest battery manufacturer for ESS, regarding the global ESS business.

The goal of this agreement is to "strengthen the global competitiveness of the ESS business" for both companies.

Under this contract, TopSun will leverage its solar and ESS business development and EPC capabilities to enhance business synergy with CATL, which holds the world's largest ESS battery development, manufacturing, and supply achievements, targeting markets such as Europe and Japan.

In particular, they plan to carry out approximately 800MWh of energy storage system projects centered in these regions, and CATL will support TopSun's overseas project competitiveness with world-class quality management that helps maximize investment returns.

Through this, TopSun has established an ecosystem that enables cooperation not only with various domestic but also overseas battery manufacturers to expand its global ESS business.

So far, TopSun has been promoting domestic business expansion and overseas market entry based on investment from SK Ecoplant, a leading domestic conglomerate, and has also established an overseas development organization and recruited talent with experience in local business operations. Along with cooperation with global battery companies, it plans to drive sustainable growth based on expanding global sales channels in Europe and strengthening overseas business.

Yoon Jung-taek, CEO of TopSun, stated, "This agreement will accelerate our entry into the energy storage system business overseas," adding, "We will also strengthen synergy by collaborating with global partners in the solar module supply sector."

Additionally, Mr. Luke Lu, CATL ESS EM President, said, "We will provide maximum support in technology, quality, and service to help TopSun expand its global energy storage system business," further explaining, "We are committed to promoting global energy transition together with our partners by utilizing advanced technology and competitive products."

Meanwhile, TopSun, established in 2008, is a total solution company related to solar power, covering everything from development planning for solar power plant construction to maintenance management. It has successfully carried out the Haenam and Sinan solar power projects, the largest-scale solar power complexes in Korea, and has business capabilities not only in solar power but also in ESS.

Recently, as a member of Team Korea, which includes SK Ecoplant and the Korea Overseas Infrastructure & Urban Development Corporation (KIND), TopSun signed an investment contract and a business rights acquisition contract (MIPA) with EIP Asset Management for the Texas Concho solar project fund in the United States.

This content was produced with the assistance of AI translation services.