November 11, 2024: Spanish independent power producer, Grenergy, has signed a strategic agreement with China’s CATL for the supply of batteries for phase four of its 2GW/11GWh Oasis de Atacama project in Chile which will begin construction in the coming weeks.

Located in the Chilean Atacama Desert, the facility — the world’s largest energy storage project —  has a capacity of 11GWh and a solar capacity of 2GW. With an overall investment of $2.3 billion, it will produce 5.5TWh of energy annually.

Grenergy has already agreed to sell the energy from the first four phases, with the remaining stages in advanced negotiation.

“The collaboration with CATL is a fundamental milestone to consolidate Oasis de Atacama,”  said Grenergy executive chairman David Ruiz de Andrés. “We are excited to have signed this first contract and to be working with the world’s leading battery manufacturers on a project that will make industry history.”