Image: GoldenPeaks Capital

GoldenPeaks Capital (GPC) and Huawei Polska have signed a Memorandum of Understanding (MoU) to cooperate on the development and deployment of Battery Energy Storage Systems (BESS), with a focus on 500 MWh of grid-forming energy storage capacity across Europe.

Under the agreement, Huawei will provide its All-Scenario Grid-Forming Energy Storage Platform, incorporating advanced safety and reliability standards. The platform is designed to enhance grid stability and support the large-scale integration of renewable energy sources.

GPC said it will build on its expertise and growth strategy across Central and Eastern Europe (CEE) to drive the deployment, commercialization, and operation of the technology. The company emphasized that the collaboration will contribute to the region’s ongoing energy transition and efforts to strengthen power system flexibility.

The partners described the signing as taking place at a “significant moment of global transition”, as traditional energy systems continue to shift toward renewable energy dominance.

By combining Huawei’s grid-forming technology with GPC’s market experience, the partnership aims to address grid stability challenges resulting from the increasing share of variable renewable generation in Europe’s power mix.

As part of its strategy, GPC plans to leverage this cooperation to enhance its technical capabilities and expand its footprint in Poland, Hungary, and other European markets.