Illuminem summarizes for you the essential news of the day. Read the full piece on Financial Post or enjoy below:

🗞️ Driving the news: BYD Energy Storage and Saudi Electricity Company (SEC) have signed contracts for the world’s largest grid-scale battery storage project, with a capacity of 12.5GWh
• With the addition of a previously delivered 2.6GWh project, their collaboration now totals 15.1GWh.

🔭 The context: This project supports Saudi Arabia’s Vision 2030 initiative, which aims for 50% renewable energy by 2030
• The BESS equipment will be installed at five sites, utilizing BYD’s MC Cube-T ESS technology with CTS (Cell-to-System) integration
• The storage systems will enhance grid stability and integrate with the country’s growing renewable energy infrastructure.

🌍 Why it matters for the planet: Large-scale energy storage solutions are critical for stabilizing grids that rely on intermittent renewable energy sources
• By advancing electrochemical energy storage, this project strengthens Saudi Arabia’s push toward a low-carbon economy
• It also sets a new global benchmark for utility-scale battery storage projects

⏭️ What's next: BYD Energy Storage plans to expand R&D investments and foster global collaborations in energy storage
• This deal marks a new phase in Saudi Arabia’s clean energy transition, reinforcing its leadership in the global battery storage market

💬 One quote: “This landmark project will redefine the value and status of electrochemical energy storage solutions in the global energy landscape.” – BYD Energy Storage

📈 One stat: 75GWh – The total battery energy storage systems (BESS) delivered by BYD to 350 projects across 110 countries

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