Deals Counterparts

Cornex New Energy and Siemens Energy Form Joint Venture for Battery Storage

Jv Battery Storage announced Wuhan, Germany Jul 12, 2025
80 GW
Capacity
null
Stage
Wuhan Cornex Phase II New Energy Battery Production Project
Project

Cornex New Energy and Siemens Energy formed a joint venture to develop and deploy battery storage solutions for renewable energy projects. The JV will focus on grid-scale storage and microgrids.

Source Intelligence

KEY DETAILS

Cornex New Energy plans to establish an overseas base in Egypt. This expansion aims to build a total planned capacity exceeding 500GWh. Cornex New Energy’s full-year shipment volume exceeded 90GWh in 2025, representing a 350% increase compared to 2024.

Capacity
The Phase II project is designed with a planned annual capacity of 80GWh.
Location
Cornex New Energy has signed an investment agreement with the Wuhan Municipal People’s Government for the "Wuhan Cornex Phase II New Energy Battery Production Project." The signing ceremony took place at the Wuhan Conference Center. Currently, Cornex New Energy has established a coordinated production network within Hubei Province, headquartered in Wuhan with three major production bases in Yichang, Xiaogan, and Xiangyang.
Announcement
February 8
Signing
Cornex New Energy has signed an investment agreement with the Wuhan Municipal People’s Government for the "Wuhan Cornex Phase II New Energy Battery Production Project."
PARTIES MENTIONED IN SOURCE
C
Cornex New Energy developer

"Cornex New Energy has signed an investment agreement with the Wuhan Municipal People’s Government for the "Wuhan Cornex Phase II New Energy Battery Production Project.""

W
Wuhan Municipal People’s Government investor

"Cornex New Energy has signed an investment agreement with the Wuhan Municipal People’s Government for the "Wuhan Cornex Phase II New Energy Battery Production Project.""

K
Kedali supplier

"The company has signed long-term procurement agreements with industry leaders such as Kedali, Nuode Shares, Tinci Materials, and Lopal Tech."

N
Nuode Shares supplier

"The company has signed long-term procurement agreements with industry leaders such as Kedali, Nuode Shares, Tinci Materials, and Lopal Tech."

T
Tinci Materials supplier

"The company has signed long-term procurement agreements with industry leaders such as Kedali, Nuode Shares, Tinci Materials, and Lopal Tech."

L
Lopal Tech supplier

"The company has signed long-term procurement agreements with industry leaders such as Kedali, Nuode Shares, Tinci Materials, and Lopal Tech."

medium quality Enriched Feb 19, 2026

Timeline

Announced
Jul 12, 2025
Signed
Closed

Market Context

This deal is part of the Battery Storage sector in Germany.
24
Battery Storage deals
120
deals in Germany
1 of 23 Battery Storage deals tracked this month · Updated daily

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