Schroder Green Clothing, Ningde Era, and Lochpine Capital have signed a strategic memorandum of understanding to jointly promote the European battery storage project.

On January 30th, Schroder Green Investment signed a strategic memorandum of understanding with CATL and Lochpine Capital to jointly explore, develop, and invest in European battery energy storage projects. The signing of this cooperation coincided with Schroder's CEO Richard Ordfield's visit to China with a delegation led by British Prime Minister Johnson. According to the memorandum of understanding, the two parties will work together to create a European battery energy storage system investment platform, with CATL serving as the battery supplier within this framework.