Byhmgard has signed a Memorandum of Understanding with SANY International (Singapore), part of SANY Group, on long-term strategic cooperation in the European battery storage market.
SANY Group is one of the world’s largest manufacturers of construction machinery, with operations in more than 150 countries and revenue of approximately USD 20 billion in 2025. In recent years the group has built a substantial new energy business covering wind, solar, hydrogen and battery storage.
As the cooperation develops, the parties intend to explore a broader strategic partnership covering hardware supply, project investment and long-term service and maintenance in Europe.
In Latvia, a 5 MW / 10 MWh project is intended to serve as a reference installation for SANY’s certification and market entry in the Baltics.
In Finland, the parties intend to evaluate co-financing of Hitura, our 50 MW project. Under that structure SANY would provide equity and supply the principal battery hardware, while Byhmgard handles project development, permitting, grid connection, construction management and asset management.
Eurosin Capital acted as financial advisor to Byhmgard.
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