Core Viewpoint - Jiangsu Linyang Energy Co., Ltd. has won a bid for a significant energy storage project in Mauritius, marking a transition from pilot cooperation to large-scale delivery in its overseas energy storage business [2][3]. Group 1: Project Details - The project involves the design, manufacture, supply, installation, testing, and commissioning of two 20MW/60MWh battery storage systems, totaling 40MW/120MWh [2]. - The total bid amount is approximately $2,498.89 million, equivalent to about RMB 179.43 million [3]. - The project aims to support Mauritius' goal of achieving 60% renewable energy by 2030 and will enhance the stability of the local energy grid [4]. Group 2: Technical Capabilities - The energy storage system will provide various functionalities, including frequency regulation, voltage adjustment, and black start capabilities, ensuring rapid response to grid frequency changes [4]. - The project will utilize an EPC (Engineering, Procurement, and Construction) model, designed to withstand extreme environmental conditions such as high salinity and humidity [4]. - Linyang Energy has achieved international certifications for its products, ensuring long-term stable operation in harsh environments [4]. Group 3: Global Expansion Strategy - Linyang Energy is focusing on a "5+2" development model targeting Europe, the Middle East, Asia-Pacific, Africa, and niche markets, with local operations established in Poland, Indonesia, and Saudi Arabia [6]. - The company has secured strategic partnerships for significant energy storage projects in Europe, including a 300MWh system for Sweden and Finland, and a 560MWh project in Italy [6]. - The Mauritius project enhances Linyang's global business matrix, connecting Europe, Africa, and Asia-Pacific [6]. Group 4: Market Outlook - The global energy storage market is projected to grow at a compound annual growth rate of 17.1% by 2035, with annual additions reaching 228GW/965GWh [7]. - Linyang Energy aims to leverage its technological innovations and market strategies to capture a significant share of the burgeoning energy storage market [7]. - The successful bid in Mauritius is seen as a milestone in Linyang's globalization strategy, establishing a foundation for future expansion in the African market [7].