Mobilize, the Renault Group brand dedicated to new mobility, and NW, the French leader in electricity storage and the first French unicorn in energy transition, announce the signing of an agreement to create a joint-venture in the field of electric vehicle charging combined with energy storage.

The future joint venture aims to reduce charging costs for electric vehicle users while maximizing the use of decarbonized electricity. Through this partnership, Mobilize and NW are committed to implementing innovative solutions to facilitate more sustainable and accessible mobility for all.

The joint-venture will leverage on the complementary strenghts of Mobilize and NW. Mobilize brings its in-depth knowledge of electric vehicles and charging infrastructure. Its ambition is to facilitate the transition to electric vehicles by offering charging solutions tailored to the needs of individuals and businesses, whether at home, at work, or on the go.

On the other hand, NW provides its expertise in electricity storage and charging infrastructure, with a global capacity of nearly 1 GWh and recognized expertise in managing the needs of the electricity market.

“At Mobilize, we are committed to playing a key role in the energy transition. This alliance with NW allows us to combine our expertise to offer charging and energy storage solutions that are both innovative and sustainable. Together, we aim to transform the European energy landscape and address the energy challenges of tomorrow,” says Gianluca De Ficchy, CEO of Mobilize.

For NW, the concept of Industry 4.0, also known as the fourth industrial revolution, represents a new way of organizing production resources.

This industry of the future enables the convergence of digital technology and digitalization with products and/or physical world infrastructures.

We have the potential to create a unique and innovative offering that will accelerate the use of the watture*”

*According to Petit Robert 2024, “watture” is a feminine noun referring to a wheel-based vehicle powered by electricity, intended for the terrestrial transport of a few people and their luggage. It is a play on the word “voiture”, which means “car” in English.

NW, the French leader in electricity storage, and HyperStrong, the Chinese leader in energy storage system integration, have signed a partnership to jointly develop and operate JBox® and IECharge® products and solutions, along with associated services, in Asia.

The joint venture, based in Singapore and named NW Storm HyperStrong Asia, aims to deploy and operate distributed electricity storage units (JBox®) and high-power charging stations (IECharge®). The company will operate across the entire Asian continent, excluding South Korea and Japan.

This strategic partnership leverages the complementary expertise of both companies. NW is a leading player in electricity storage with 1 GWh in operation across France, Finland, and Texas. It is also active in the electric mobility sector with 140 high-power charging stations in France and has a significant presence in the electricity markets.

HyperStrong, a leader in China for the integration of battery energy storage systems, possesses strong industrial know-how, with a cumulative installed capacity of over 20 GWh, and extensive expertise in battery energy storage system integration. Its established presence in Asia and its deployment agility makes it the ideal partner for NW’s expansion into this new region.

Since September 2023, the two companies have been cooperating to expand NW’s products internationally. This new partnership is fully aligned with the strategic goals of both signatories.

“We are excited to take this next step with our partner HyperStrong, which will allow us to combine technological innovation with industrial development to create competitive flexibility services in Asia, supporting the energy transition for all,” said Jean-Christophe Kerdelhué, Founder and CEO of NW, who added, “We are proud to export French expertise to Asia.”

This partnership comes at a time of strong growth in renewable energy and an increasing demand for electricity storage solutions in the Asian market. In May 2024, China set a new target of at least 40 GW of battery storage by the end of 2025 according to Reuters.

Dr. Jianhui Zhang, Founder and CEO of HyperStrong, said: “Partnering with NW is an important step forward in our commitment in global clean energy transition. The new joint venture is the continuation of the successful partnership between two parties, with particular emphasis to expedite the deployment of cutting-edge, resilient energy storage technologies in Asian market.”