China's photovoltaic inverter manufacturer Sungrow Power Supply (300274.SZ), opens new tab said on Tuesday it has signed an agreement with Saudi Arabia's Algihaz Holding for an energy storage project with a capacity of up to 7.8GWh.
The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia's power grid and help realise Saudi Vision 2030, the company said in a statement.
