The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

ROUNDUP: Ørsted first in Taiwan, Powin & Fluence new hires at C-level, Stem sells 16.5MWh portfolio


22 June 2020: Ørsted donates 1MWh ESS to Taiwanese university near 2.4GW offshore wind farm 

Delta has supplied a 1MW / 1MWh battery energy storage system in Taiwan for customers Ørsted, marking the Danish government-backed developer’s first project in the Asian country.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Delta, which is itself headquartered in Taiwan and made worldwide revenues of more than US$9 billion in 2019, installed a microgrid energy storage system with 1MW power conditioning system (PCS) output and 1MWh of battery storage with integrated energy management system (EMS) at academic facility BaoShan Campus of National Changhua University of Education.

Ørsted is the self-proclaimed global leader in offshore wind but has been developing solar-plus-storage as well as standalone energy storage projects in regions including the US and the UK. The project at National Changhua University is a pilot and was donated by the company to the university to help it in research of sustainability solutions and technologies.

Construction is currently underway on 2.4GW of offshore wind projects nearby by Ørsted, expected to be completed in 2022. Delta meanwhile completed another 1MWh energy storage project on Kinmen Island, at a fuel-fired power plant operated by Taiwan Power Company (Taipower) which can help stabilise the grid in 200 miliseconds following unplanned generator outages, provides the plant with 30 minutes of buffer time and helps integrate variable renewable energy on the island.

Fluence’s new Gridstack storage solutions, part of the range launched by the Siemens-AES JV company earlier this month. Image: Fluence.

22 June 2020: New CFO at Powin, new product officer at Fluence

Powin Energy Corporation has hired a new chief financial officer, while rival Fluence has just appointed a new chief product officer.

The two energy storage system technology providers announced their new hires last week. Both have new product lines: Powin’s range of three different systems using CATL lithium iron phosphate (LFP) battery cells came out earlier this year while Fluence has just launched its latest, sixth generation, of energy storage system products.

Powin’s new CFO is Kate Stock, who has a background in finance and accounting within the manufacturing, logistics and public utility sectors, most recently serving as CFO at global crating, packaging, logistics and design company TransPak.

Fluence’s new chief product officer, Rebecca Boll, was most recently chief technology officer at Schneider Electric’s Digital Buildings business, having served as GE Licensing and Technology Ventures’ CTO before that.

On launching Fluence’s new line, the company said it has already secured contracts for 800MW / 2,300MWh of the products with customers in the last six months as it was readying for launch. Powin meanwhile claims it has a pipeline of 2.2GWh of awarded projects, 241MWh under construction at the moment and 222MWh already in operation.    

22 June 2020: Stem Inc sells portfolio to Greenbacker

Sustainable investment group Greenbacker Renewable Energy has bought the rights to a 7.9MW / 16.5MWh portfolio of behind-the-meter energy storage systems in California from Stem Inc.

The portfolio, Pacifica Energy Storage LLP, is spread across 16 sites, each participating in California’s Self-Generation Incentive Program (SGIP) which offers rebates for customers deploying storage in the state. The acquisition marks Greenbacker’s first investment in owning energy storage assets, which it described as a foray into the energy optimisation sector. Greenbacker owns around 340.1MW of solar, 192.6MW of wind power and 12MW of biomass, including projects under construction as well as already operating.

Pacifica also includes a mixture of existing and soon-to-be-built sites by Stem, which seeks to differentiate itself as an “artificial intelligence (AI)-driven energy storage services” company. The portfolio is expected to be fully operational by the second quarter of 2021.

“We are excited to add Greenbacker as a financing partner in the fast-growing energy storage market, particularly in California. Greenbacker represents another new partner for Stem as we look to expand our operating partnerships and increase the deployment of our market leading Athena AI platform, which provides the intelligence and real-time decision making required to optimise the storage system to reduce energy charges for customers,” Stem CEO John Carrington said.

“We look forward to additional partnership opportunities with the Greenbacker team as they build out their storage portfolio”.

Stem recently won the rights to use the Athena platform to manage 345MWh of battery storage in California, in utility Southern California Edison’s service area. 

Email Newsletter