Jinko ESS, a global leader in energy storage solutions, and Castrol today announced that they have signed a strategic cooperation framework agreement aimed at jointly advancing R&D and applications in the energy storage field through resource sharing and technological innovation.

Castrol, a bp company, visited Jinko’s centre and engaged in in-depth discussions on future cooperation directions. Under the strategic cooperation agreement signed by the two parties, both will fully leverage their respective technological advantages and market resources to focus on collaboration in energy storage technology development, PV-storage projects, and the development of the entire photovoltaic industry chain.

Key elements include joint R&D, sharing of laboratory resources, collaborative development of cutting-edge technologies and product applications, as well as close communication and technical exchanges between project teams. This cooperation between Jinko ESS and Castrol not only marks a deep integration of the two companies in the energy storage field, but also heralds a new chapter in energy storage technology, contributing to the global energy transition.

Zhou Fangkai, President of Jinko ESS, said: “We are very pleased to reach this important strategic cooperation with Castrol. Jinko ESS has always been committed to advancing energy storage technology, and Castrol’s expertise in lubricants and materials science will bring great value to our partnership. Through this cooperation, we look forward to accelerating the development of new technologies and improving product performance and reliability.”

Chris Lockett, Senior Vice President of Global Technology at bp, emphasised: “Castrol, bp’s premium lubricant brand, is a world-leading manufacturer of metalworking fluids across the full product line. Castrol will fully support the deep strategic cooperation with Jinko ESS in PV-storage integration, helping Jinko ESS to reduce emissions, lower costs and improve efficiency across its entire production chain.”

About Jinko ESS:

Leveraging its years of deep experience in the photovoltaic sector, JinkoSolar began its overseas energy storage business as early as 2019, primarily providing integrated PV-storage solutions to international customers. In December 2022, Jinko ESS Technology Co., Ltd. was officially established, and currently operates under it Zhejiang Jinko ESS Co., Ltd. and Jinko ESS International Co., Ltd. The company is engaged in the R&D and manufacturing of energy storage batteries, as well as the R&D, production, integration and sales of energy storage systems. In 2024, the company was recognised as a BloombergNEF Tier 1 global energy storage manufacturer.

Based on different application scenarios, the company offers three product solutions: residential storage, commercial and industrial storage, and utility-scale storage, achieving diversified smart energy applications with PV-storage synergy. The company’s energy storage systems are designed around customers’ diverse scenario requirements and various market business models. Each product series can be customised modularly according to customer needs, meeting different requirements. Through its investment in R&D and quality control teams, the company ensures the delivery of safe and reliable products to the market.

By the end of 2023, the company’s first 5 GWh energy storage system factory had been successfully commissioned. In July 2024, the 5 GWh self-built factory for energy storage systems and cell production capacity was also commissioned.

The company’s energy storage business always adheres to a customer-centric service philosophy, with high-quality customer resources both domestically and internationally, as well as a comprehensive sales and service network. Seizing the opportunity of global energy transformation, the company actively cultivates its energy storage business to grow stronger and, together with its PV modules, forms a strong sales channel and solution synergy, providing customers with one-stop PV-storage solutions and better fulfilling JinkoSolar’s mission to change the energy structure and take responsibility for the future.

About Castrol:

Castrol is one of the world’s leading lubricant brands, with a proud tradition of innovation that supports pioneers and dream-makers. Combining a passion for performance with a collaborative spirit, Castrol has developed and launched numerous lubricants and greases over the past 125 years, helping to drive countless technological breakthroughs across land, sea, air and space. The year 2024 marks a milestone for Castrol. Celebrating its 125th anniversary, Castrol launched its new “Forward, Upward, Onward” strategy, designed to meet the evolving needs of its customers.

Castrol is part of the bp group and provides high-quality products and services to customers in the automotive, marine, industrial and energy sectors. Castrol-branded products are renowned globally for their technological innovation and superior performance, all derived from the company’s relentless pursuit of quality and leading-edge technology.