On October 16, the 2021 Global Digital Energy Summit was held in Dubai. At the meeting, Huawei Digital Energy Technology Co., Ltd. and Shandong Power Construction Third Engineering Co., Ltd. successfully signed the Saudi Red Sea New City Energy Storage Project. The two parties will work together to help Saudi Arabia build global clean energy and a green economy center.

The energy storage scale of the project reaches 1300MWh, which is by far the world's largest energy storage project and the world's largest off-grid energy storage project. It has strategic significance and a benchmarking demonstration effect for the development of the global energy storage industry.

The Red Sea New City Energy Storage Project is a key project included in Saudi Arabia's "Vision 2030" plan. The developer is ACWA Power and the EPC contractor is Shandong Power Construction No. 3 Company. Red Sea New City, located on the coast of the Red Sea, is also known as the "new generation city". In the future, the entire city's electricity will come entirely from new energy sources. Red Sea New City will lead a brand-new way of life, and at the same time seek to achieve new economic growth points under the situation of increasingly depleted oil and other resources.

Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect replacement for lead-acid batteries, and they are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

Solar power generation system with lithium battery energy storage system is a very promising clean energy.