The strategic collaboration provides highly efficient energy storage solutions for residential and commercial applications – simply smart connected
September 6th, 2018, Germany – BYD Co. Ltd., the world’s largest manufacturer of rechargeable batteries, announces the extension of the collaboration with German inverter specialist KOSTAL as the companies form a strategic partnership. Both companies share the goal of providing high quality and highly effective storage solutions to the European and global market to support the adoption of renewable energy utilization for residential and commercial applications. The new strategic partnership was sealed today at BYD’s company headquarters in Pingshan, Shenzhen,China on September 6th.
Since the start of the partnership in 2017, KOSTAL has lined-up BYD’s Battery-Box lithium storage solution, for the use with the PIKO inverter line and have later expanded the offering with their latest product lines such as the PLENTICORE plus. The combined system of the highly flexible modular battery solutions and battery inverters can be used for both commercial and residential applications. Both companies have worked closely together in assuring the compatibility of their solutions as well as on joint channel and marketing initiatives.
With the new strategic partnership the companies are now planning to expand their successful cooperation to partner in the joint development of specifically bundled solutions which address the needs of their customers offer end-to-end solutions for their energy storage demands.
“Our Battery-Box product line is being highly successful in the European market. In addition to the product quality this success is largely thanks to strong local partners such as KOSTAL,” said Julia Chen, Global Sales Director, BYD Batteries. ”We are delighted to expand the successful cooperation with KOSTAL to provide both partners and end customers with a qualified combination of best-in-breed solutions to optimize their use of renewable energy.”
“BYD’s Battery-Box systems offer both commercial and private users immensely flexible and efficient storage options – for small and larger, on- or off-grid, low and high volt applications,” said Christof Kiesel, Product Manager for PV inverters and storage systems at KOSTAL. “We have started offering their Battery-Box HV, which was the first direct high voltage solution on the market, as a bundle with our PICO inverters last year, which turned out to generate a high interest in the market. Since then we have been working successfully on expanding the joint offering, including solutions with our latest inverter product line PLENTICORE, and will continue to do so with joint developments under the new strategic agreement.”
About BYD
BYD Company Ltd. is a leading high-tech multinational company based in Shenzhen, China. Since its establishment in 1995, BYD has developed solid expertise in rechargeable batteries, becoming a relentless advocate of sustainable development. It has successfully expanded its renewable energy solutions globally with operations in over 50 countries and regions. After 23 years’ development, BYD has created a Zero Emissions Energy Ecosystem – affordable solar power generation, reliable energy storage, cutting-edge electrified transportation and a state of the art monorail – has made it an industry leader in the energy and transportation sector. BYD is listed on the Hong Kong and Shenzhen Stock Exchange. For more information, please visit http://www.byd.com.About KOSTAL Industrie Elektrik and KOSTAL Solar Electric
The KOSTAL Group is a German and internationally active family-owned company from Luedenscheid, Germany with more than 100 years of tradition. Founded in 1912 by Leopold Kostal the company was firstly specialised in the field of automotive electrical systems. With the founding of KOSTAL Industrial Electronics in Hagen in 1995 under the umbrella of the KOSTAL Group, the basic conditions for providing broad expertise to additional markets, such as drive technology and the photovoltaics, were created systematically.
For an international distribution of solar inverters the KOSTAL Solar Electric was formed in 2006 based in Freiburg as a subsidiary of the KOSTAL Industrie Elektrik with local distribution companies in Spain, Italy, France, Greece, Turkey and a Business Unit Solar in China. Additionally the storage system PIKO BA System is available in the German-speaking areas. Further information concerning our company and our products are available at: www.kostal-industrie-elektrik.com and www.kostal-solar-electric.com.
BYD and KOSTAL announce strategic partnership for energy storage solutions
