On May 17, 2023, Energy Vault, Inc. (referred to as "Energy Vault"), an American energy storage technology developer, and Ripple Energy Co., Ltd. (referred to as "Rept Battero") signed a supply agreement for liquid-cooled energy storage battery systems.

The 10GWh liquid-cooled battery system supply agreement signed by the two parties confirmed that Rept Battero will become a strategic partner of Energy Vault's global business expansion. The former will continue to provide stable and reliable supply chain guarantee resources for Energy Vault's BESS global business. At the same time, to support the short-term rapid expansion of Energy Vault in the future and the supply demand related to new hybrid energy storage systems (including green hydrogen energy), the scope of cooperation is not limited to the 280Ah battery, which is the main product of Rept Battero.

Mr. Duncan Turner, Global Purchasing VP of Energy Vault, said: "The strategic partnership between the two parties combines Ripple's technical expertise in lithium-ion batteries with Energy Vault's proprietary custom integration capabilities to ensure a stable supply of batteries and system components, as well as on-time execution of our contracts in countries such as the United States, Europe and Australia. Our cooperation with Ripple can reduce the procurement security risks faced by the global industry. In addition, this partnership can be successfully extended to our global customer base. Quickly submit solutions for energy storage systems and further promote our globalization strategy deployment.”

"The Energy Vault team is the most customer-focused and fastest-growing team in the industry. Rept Battero is very honored to be able to reach a strategic partnership this time, because it will enable our sales target in the overseas energy storage field to achieve exponential growth. We firmly believe that the company has the ability to win the world's largest energy storage project, and at the same time support our own global business planning. We are very happy to reach a strategic partnership with Energy Vault, to achieve complementary advantages, and to promote our high-end battery technology to the global market." Cao Lanjun, chairman of Rept Battero. Dr. Hui.

The products of Rept Battero are widely used in global energy storage projects. Domestic Ripu Lanjun has reached a production capacity of 35.2GWh, and construction work is being carried out in Wenzhou, Jiashan, Liuzhou, Foshan, Chongqing and other places. By 2025, the total battery production capacity will exceed 150GWh. The conclusion of the strategic cooperation relationship between the two parties will help Ripu Lanjun achieve its production capacity target. It is an important milestone for Ripu Lanjun's energy storage business to achieve global layout and enter the overseas market.