Megarevo has recently entered into a long-term strategic cooperation agreement with a major U.S.-based energy equipment provider with more than a dozen locations around the world, dedicated to providing comprehensive green energy solutions for residential and C&I users.

According to the cooperation agreement, Megarevo will develop a new generation of high-performance residential energy storage product based on the mature REVO series products, upgrade the hardware system and implant a new software architecture in response to the latest regulations in the North American market. The product is scheduled to be fully launched in the Q2 of 2024, and Megarevo has signed a three-year 720MW strategic cooperation agreement with the customer.

Residential and C&I energy storage have good application scenarios and development prospects in various regions of the United States. The federal government and state governments provide various types of subsidies to support the application of energy storage systems. Many applications of energy storage systems can effectively respond to people's demand for green energy, reduce energy consumption expenditures, and help fight against all kinds of natural disasters, provide a long-term power backup energy, and form a self-sufficient microgrid system.

In the future, Megarevo will further gain insight into customer needs in the U.S. market, increase R&D efforts, and step up the launch of more high-performance products to help more homes and businesses realize energy independence.