Envision inks $500 million finance deal following AI announcement

Envision Energy has secured a $500 million vendor financing agreement with BBVA Corporate & Investment Banking to support its international expansion plans, with an expected focus on markets in Europe, Asia and Latin America.

The latest agreement means the Chinese energy company has signed $1.1 billion worth of deals in the first four months of 2026. Envision Energy secured the equivalent of $600 million in a syndicated loan in Hong Kong earlier in 2026. BBVA was involved in that deal too, serving as one of the loan’s lead arrangers.

In its statement announcing the deal, Envision said the latest agreement will allow financing opportunities to be identified early in project development.

Envision Energy bills itself as a vertically integrated BESS provider and the company reports a portfolio of more than 400 operational BESS projects, as well as more over 50 GWh of BESS shipments made in capacity terms. The company’s portfolio also includes more than 100 GW of wind turbines, more than 20 GW of which were installed in 2025, and is active in the green hydrogen sector.

Henry Peng, senior vice president at Envision Energy and president of the company’s European and Latin American business, said the vendor financing program allows Envision to optimize working capital “while supporting the faster deployment of our renewable energy technologies across strategic markets in Europe, Asia and Latin America.”

The deal quickly follows Envision unveiling a new AI energy storage product at Chinese storage exhibition ESIE 2026. Envision is producing 790 Ah LFP cells for its new 12.5 MWh storage system, which is being positioned as a solution for the .

Envision also used the Beijing event to introduce a sodium-ion cell offering more than 180 Ah and a cycle life of at least 20,000 cycles, according to the manufacturer.