Energy storage systems play an indispensable role in integrating renewable energy sources into the grid, ensuring stability in energy supply, grid reliability and balancing, price stabilization, reducing carbon emissions and supporting critical infrastructure during emergencies, thereby enhancing public safety.

Significant increase in energy storage capacity is expected globally and in Türkiye in parallel with increasing renewable energy investments, closely following these global and national developments and technological advancements, Alarko and Gotion Groups have decided to invest in energy storage systems and cell production.

On May 20, 2024, Altek Alarko Elektrik Santralları Tesis İşletme ve Ticaret Anonim Şirketi (a subsidiary of Alarko Holding A.Ş.) and Gotion Singapore Pte. Ltd. (a subsidiary of Gotion High-tech Co., Ltd.) signed a joint venture agreement for the design, development, production, R&D, and recycling of battery energy storage systems (BESS) and prismatic-type lithium iron phosphate (LFP) cells.

Alarko Gotion Green Energy will focus on both the Turkish market and also on exports to international markets, contribute to foreign currency inflow, create a domestic supporting industrial ecosystem, focus on local production with national technology, engage in product development through its R&D center and provide a comprehensive high-tech investment including installation, after sales service, and recycling.

The investment will be carried out in two phases: