Cornex has clinched strategic energy storage deals totaling 11.5 GWh with partners in Saudi Arabia and Egypt, marking a significant expansion into the Middle East and North Africa energy markets. The agreements were formalised as part of Cornex’s global growth push, bolstering its presence beyond Asia and reflecting rising regional demand for large-scale energy storage systems.
In Saudi Arabia, Cornex signed a cooperation agreement on February 3 in Dammam with local firm Al Rajhi Electrical, with support from Shanghai Greengrid. Under this pact, Cornex will supply 5.5 GWh of advanced lithium battery storage products over the next three years. The deal also includes technical assistance to help establish local manufacturing capabilities in the Kingdom.
Shanghai Greengrid is expected to play a key role in the Saudi project by managing supply chain logistics, facilitating cross-border coordination, and aiding on-ground implementation. The collaboration is seen as a strategic step to accelerate the localisation of energy storage systems and contribute to the transformation of Saudi Arabia’s energy infrastructure.
Al Rajhi Electrical, a subsidiary of the Saudi conglomerate Al Rajhi Group and a major shareholder in ACWA Power, brings substantial financial backing and operational experience to the project, strengthening Cornex’s foothold in the region. The partnership underscores growing interest from regional stakeholders in battery storage technologies to support grid stability and renewable integration.
Earlier in January, Cornex signed a separate strategic cooperation agreement with Egyptian partners WeaCan and Kemet to supply another 6 GWh of energy storage products for deployment in Egypt’s power system. WeaCan will focus on government approvals, grid connection requirements and local operations, while Kemet will provide technical support and project execution capabilities.
Cornex currently serves over 60 countries and regions worldwide, and in its 2026 New Year message, Chairman Dai Deming reported that shipments exceeded 90 GWh in 2025. The company plans to deploy more than 300 GWh of production capacity across its four major manufacturing bases in 2026 to meet rising global demand for energy storage solutions.
