Recently, Narada signed a Procurement Contract with an Australian energy storage project company, which primarily covers the supply of lithium battery energy storage systems. The contract is valued at approximately 160 million RMB.

The project is located in Queensland, Australia. Queensland aims to achieve a renewable energy share of 70% by 2032, with plans to further increase this percentage to 80% by 2035, gradually reducing reliance on coal-fired power.

To achieve this goal, the state is vigorously promoting the development of the photovoltaic (PV) industry. However, the rapid growth of the PV sector has put pressure on the local grid, creating a strong demand for large-scale energy storage projects.

This project will use Narada's Center L Plus Liquid Cooling energy storage system. The system integrates three core advantages: enhanced safety, greater reliability, and a more compact design. Features like dual liquid cooling system backup, passive auto-start fire suppression at the PACK level, and multi-stage variable diameter liquid cooling pipelines showcase the system's core safety and reliability technologies.

Currently, Narada has established subsidiaries and service centers across major continents, forming integrated sales and service teams to swiftly respond to customer needs. These teams enhance local capabilities in sales, installation and commissioning, technical support, and after-sales operations throughout the product's lifecycle.

With the global energy storage market booming, Narada's energy storage business is experiencing rapid growth. In 2023, revenue from new energy storage increased by 367% year-on-year, and Narada ranks among the industry leaders in global shipments of energy storage systems and batteries.