BYD has reached an agreement with Spanish energy company Grenergy to supply 468 units of its MC Cube-T energy storage systems for the Oasis de Atacama project in central Chile, with a total capacity of 2.6 GWh. The project will be deployed across four power stations—Gran Teno, Tamango, Planchón, and Monte Águila—as part of the broader Oasis de Atacama solar-plus-storage development. This marks another collaboration between the two parties following their May 2025 agreement on a 3.5 GWh project, the largest energy storage project in Latin America at the time. BYD Energy Storage Project The Oasis de Atacama project features a total installed photovoltaic capacity of 1.1 GW and energy storage capacity of 4 GWh, with a total investment of $900 million. Full commissioning is scheduled between 2026 and 2027. From a project execution standpoint, the first batch of equipment has already entered the delivery phase. BYD has shipped 168 storage units for the Gran Teno site from Shenzhen, with arrival expected in mid-April. The remaining equipment is being dispatched in phases, and the plant is expected to be connected to the grid and begin operations in the second quarter of this year. Grenergy stated that the decision to continue the partnership was driven by the reliability of BYD’s storage systems and its project execution capabilities. Both parties aim to replicate this solar-plus-storage model in Spain and other global markets. From an industry perspective, Latin America is emerging as one of the fastest-growing regions for energy storage demand. BYD Energy Storage Project As photovoltaic installations expand rapidly, grid balancing requirements are increasing, making energy storage a critical component of the energy system. BYD began developing its energy storage business as early as 2008 and has since established a global service network covering sales, delivery, operations, and after-sales support. Public data shows that by 2025, BYD’s cumulative shipments of energy storage systems had exceeded 135 GWh, with projects spanning more than 110 countries and regions and over 650 deployments worldwide.