BYD and CMI sign a MoU, laying the foundation of their close cooperation
23rd August 2018
The Chinese company BYD, Build Your Dreams(Shenzhen) and theBelgian company CMI, Cockerill Maintenance & Ingénierie signed a Memorandum of Understanding on 18th July to lay the foundation of their close cooperation and their future common developments.
InMarch 2018,CMI, Cockerill Maintenance& Ingénierie, based in Belgium, ordered one 1.26MW/1.34MWh Lithium battery energy storage fromBYD, Build Your Dreams, headquartered in Shenzhen, China. This Lithium-ion battery will equipCMI’s MIRISenergy storage project, Europe’s largest energy storage industrial pilot plant. Being built at CMI’s headquarters in Seraing (Belgium), MIRIS(Micro Réseau Intégré Seraing)will consist of 2 MWp photovoltaics, 2 types of flow batteries and one Lithium-ion battery for a total of 4.2MWh of energy storage.CMI is developing the Energy Management System (EMS), brain of the installation, with the help of the University of Liege (ULiège) to optimize the business model of different grid services and to accumulate understanding and experience for long-term development of energy storage projects.The installation will soon be in operation.
MIRIS isBYD’s first project in Belgium and the first revenue stacking pilot project in continental Europe with application of power smoothing.
Based on this first cooperation, BYD and CMI held a Memorandum of Understanding signing ceremony on July 18 to lay the foundation for their future cooperation and development of further projects. The signing ceremony also successfully passed the customer site FAT on the same day.
The auxiliary service market in Germany has many similarities with Belgium. With the new breakthroughs in the market, it is believed that the MIRIS project will be of great significance for future developments in Germany and the Benelux.Moreover,BYD and CMI are working on 12 other projects together in several countries and they are optimistic about their outcome.2/2
About BYD
BYD Company Ltd. is one of China’s largest privately owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem – comprising affordable solar power generation, reliable energy storage and cutting-edge electrified transportation – has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com
About CMI
CMI, Cockerill Maintenance & Ingénierie, designs, modernizes and maintains equipment in the domains of energy, defense, industry, the environment and railways. The CMI solutions contribute to improving the economic and technical performance of any production equipment, while reducing their environmental footprint. With turnover of almost €1 billion and a highly qualified workforce of over 5,500, the CMI Group was founded in 1817 and is based in Belgium; it has locations in Europe, the United States, Africa, Brazil, Russia, India and China.
CMI Energy, part of CMI, is a global leader in the design, supply, assembly and commissioning of Heat Recovery Steam Generators (HRSGs) for combined cycle power plants and industrial applications.
CMI Energy is also active in renewable energy system design and integration, particularly with concentrated solar power with thermal storage. Capitalizing on its experience, CMI Energy has developed an activity in battery energy storage, acting as an EPC integrator, providing optimized solutions depending on each customer’s specific needs and best technical-economic features.
More information on www.cmigroupe.com/energy-storage