Chery Green Energy and CheckWatt launch a strategic cooperation in residential energy management systems integrated with vehicle-to-grid (V2G) technology, targeting large-scale deployment across Europe. The two parties have signed a memorandum of understanding that further covers battery repurposing solutions for utility-scale wind and solar farms, as well as large-scale electric vehicle (EV) charging stations.
Europe’s energy transition has entered a new phase, where flexibility and energy storage are pivotal to raising the share of renewable energy in the power generation mix. Batteries have now become an integral component across all scales, from residential premises to large-scale power parks. This trend aligns with the accelerating electrification of the transportation sector. Electric vehicle charging infrastructure often exceeds the grid’s load capacity, making stationary battery storage a necessity for demand load leveling at such sites. Chery Green Energy has established itself as a leading provider of core components for these systems, and also acts as an investor in related energy assets.
Dr.-Ing Hang Yin, Executive Deputy General Manager of Chery Green Energy, commented: “As the global energy transition accelerates, virtual power plants (VPPs) have emerged as a core enabler of the energy revolution. CheckWatt’s leading expertise and market resources in Europe’s VPP sector form a highly complementary fit with Chery Green Energy’s technological strengths and industrial layout. This all-round cooperation marks a key step for Chery Green Energy in its European new energy market expansion. Going forward, the two sides will deepen collaboration to drive the synergistic development of EV charging and swapping services and VPP trading businesses, and showcase the global responsibility of Chinese new energy enterprises.”
This new energy ecosystem is underpinned by millions of distributed active energy assets, replacing the traditional model of a small number of large power plants – a shift that has created a critical need for energy aggregators. CheckWatt is a market leader in this field in the Nordics and is now expanding its footprint to continental Europe. The company orchestrates aggregated energy assets (including batteries, wind turbines, solar installations, and EV chargers) into virtual power plants, providing access to diverse market mechanisms and connecting key stakeholders such as energy trading firms and power transmission and distribution system operators.
“This cooperation represents a major milestone for CheckWatt, enabling us to rapidly roll out residential V2G flexibility solutions into large-scale virtual power plant networks,” said Dan-Eric Archer, CEO of CheckWatt.
Chery Green Energy is a subsidiary of Chery Group. Chery which houses a portfolio of renowned brands including Omoda&Jaecoo, EXEED, JETOUR, Icar and Lepas. Leveraging Chery Green Energy’s EnergyCube residential hybrid inverter, these EV models will be equipped with V2G capabilities – enabling them to provide additional grid support services and create a new revenue stream for vehicle owners.
