Menlo Electric, a renewable energy semiconductor manufacturing company in Warsaw, Poland, has signed a strategic business cooperation agreement with Deye, a China-based energy storage firm.
Deye provides energy storage solutions and solar component distribution services for the residential, and Commercial & Industrial (C&I) in Europe, the Middle East and Africa.
The agreement aims to expand their presence in the MENA region, where the two companies have pledged a volume of 100+MW aimed explicitly at increasing their presence by the end of 2023.
As per the firm, the collaboration will greatly boost Deye’s expansion plans, as it would gain access to Menlo Electric’s extensive distribution channels. Deye claims that the firm is committed to addressing the energy shortage demand in the Middle East and Africa market, and it would work towards delivering its solar photovoltaic solutions in the region. Further, it said that Menlo Electric had solidified its position as the premier distributor of solar components.
The firm disclosed that in 2022 alone, the company delivered over 600 MW of renewable energy solutions to more than 30 countries. It operates from ten hubs spread throughout Europe, the Middle East and Africa for logistic support.
“Menlo Electric is a valued distributor for Deye, and we have full confidence that this new commitment will greatly enhance the visibility and recognition of Deye’s brand in the MENA market. We firmly believe this strategic alliance will mutually benefit both companies, driving advancements in the renewable solar energy storage industry, “stated Marcin Zienkiewicz, Head of Procurement and Trading at Menlo Electric.
“Deye is committed to providing Menlo Electric with cutting-edge power solutions that offer unparalleled functionality and superior conversion efficiency. Concurrently, Menlo Electric will provide Deye by offering top-tier sales channels and efficient warehousing and local logistics services. With Menlo Electric’s mature distribution channels, we are confident that this partnership will significantly benefit the marketing promotion of Deye’s remarkable products”, noted David Ji, Vice General Manager and Director of inverter R＆D of Deye Inverter Technology Ltd.
André Zimmermann, Head of EU at Deye Inverter Technology Ltd, introduced the micro-inverter series, HV hybrid inverter series, and C&I All-in-one series during the signing ceremony at Intersolar Germany. The firm informed that Deye’s C&I 50kW hybrid inverter series has already gained recognition in the European market for its distinctive diesel generator application, AC coupling features, and impressive scalability. It further said that the features enable optimized self-consumption by compatibility with diesel generators, energy storage in batteries, and backup power functionality, which assures a continuous power supply during power outages.
