The arrangement, which is part of the parties’ strategic manufacturing framework agreement signed last year, is a significant step forward in the development of the Company’s 1.1 GW BESS pipeline in the United Kingdom. The BESS will be produced and delivered later this year, with a novel just-in-time approach employed to reduce the time between production and battery energization.

Less than one-third of APAC companies reporting to carbon measurement non-profit CDP have committed to science-based targets. CDP’s latest report also finds growth in climate disclosure slower in APAC than the global average.

The global battery storage market will reach $10.84 billion in 2026, with the Asia-Pacific region accounting for 68% of total demand. China, Japan, India, South Korea and Australia will drive the regional market, according to GlobalData.