Fluence to deliver its first energy storage system to Taiwan – pv magazine International

The system will accelerate Taiwan’s energy transition by participating in Taipower’s automatic frequency control services with local partners.

Fluence (NASDAQ: FLNC), a global market leader in energy storage products and services and digital applications for renewable energy and storage, today announced it has been selected by the local Renewable Energy IPP, Ina Energy, a subsidiary of the PJ Asset Management group, as a solution provider to provide a 6 MW / 6 MWh Battery Energy Storage System (BESS) in Taoyuan, Taiwan. Fluence will cooperate with Taiwan-based TECO Group and its subsidiary YATEC to provide Automatic Frequency Control (AFC) services to state-owned Taiwan Power Company (Taipower) – essential services to help Taiwan achieve its renewable energy targets and climate targets.

The global storage market is growing at an unprecedented rate. According to the latest BloombergNEF (BNEF) forecasts, energy storage facilities worldwide will reach a cumulative 358 GW / 1,028 GWh by the end of 2030, more than twenty times more than the 17 GW / 34 GWh in line at the end of 2020 As part of its commitment to produce 20% of the country’s electricity from renewable sources by 2025, against around 5% in 2020, Taiwan has developed an energy policy that calls for an increase in renewable energies and LNG, a significant reduction in coal, and a “nuclear-free homeland”. Energy storage is needed to effectively integrate solar and wind power into the grid to perfectly match electricity supply and demand. Taipower has made frequency control a top priority as the island’s traditionally centralized grid system has faced increasing challenges with intermittent renewable energy sources trying to connect to the grid. Taipower has recognized the importance of battery storage in providing ancillary services to stabilize the grid and aims to increase its storage capacity to 590 MWh by 2025.

“Taiwan represents the 30e market and demonstrates its commitment to using its latest system technology to help make Taiwan’s power grid stronger and more resilient, prepare it to accommodate greater adoption of renewables, and lead by example for new energy deployments own in the Asia-Pacific region, “said Achal Sondhi, vice president of market growth for Asia-Pacific at Fluence,” Fluence sees Taiwan as a key market in the region, and we look forward to working with our customers and business partners there to improve the energy storage efficiency of the island’s overall energy ecosystem and open a new chapter for sustainable energy in Taiwan.

“The development of renewable energies and energy storage is an important step in the right direction to achieve the energy transition in Taiwan. It is not only a business opportunity and a market trend, but also a consensus for the whole industry. Ina Energy is committed to the development of new energies such as solar power, and we look forward to cooperation with Fluence, the world’s leading energy storage company. At the same time, we are proud to be able to participate in Taipower’s automatic frequency control services and contribute to Taiwan’s power supply stability and energy transition ”, said Cai Jiajin, President of Ina Energy .

YATEC, a subsidiary of the TECO group, is Fluence’s business partner for the delivery of its first battery-powered energy storage system to Taiwan. Company President Lin Shengquan said, “We are honored to partner with Fluence, the pioneer and expert in the energy storage industry. Fluence’s energy storage systems and its advanced software controls will play an important role in maintaining reliable and resilient networks and we look forward to leveraging Fluence’s knowledge, expertise and proven industry experience in the world to support the energy transition and create a sustainable future with renewable energies in Taiwan. “

About Shirley L. Kreger

Check Also

Modify the body’s immune system to help treat type 1 diabetes

In a new study, a team of researchers from the University of Missouri, Georgia Tech …