Becoming a Net Zero Model Energy Storage System Effectively Accelerating Power System Transformation
A major focus for achieving deep decarbonization is to inject more renewable energy into the power grid, thereby reducing dependence on fossil fuel power generation; However, the lack of flexibility in the power system has become a major obstacle to the transformation of renewable energy. According to Fluence's Case study in Germany, an inflexible power system will lead to the restriction or reduction of renewable energy, which will cause enterprises to bear high costs. Currently, among various types of energy transformation strategies, energy storage is considered the core of power system transformation and is gradually recognized as a key factor in integrating renewable energy generation into the power system and achieving deep decarbonization. The core purpose of energy storage is to store excess renewable energy electricity and release the stored energy when the output of renewable energy electricity is insufficient, making the availability of renewable energy no longer subject to weather conditions, bringing greater flexibility to the electricity supply generated by renewable energy and reducing its inherent operational risks.
For asset managers and operators of renewable energy, energy storage systems can optimize their operating models and avoid the inherent risks of renewable energy. Taking the solar energy industry as an example, the output of solar energy has obvious peak and off peak periods, and these innate characteristics will make the operation of enterprises face three main risks, including supply curve, price, and capacity risks. Regarding the supply curve, the energy storage system can transfer power generation to meet contractual and reliability obligations with industrial customers, limiting the risk of market fluctuations; In terms of price, energy storage systems can release electricity during periods of high electricity prices to offset the profit risks faced by enterprises; The energy storage system can also charge from the power grid during low electricity prices and discharge during high-risk and high electricity prices to mitigate the risks brought by low production to enterprises.
The energy storage system injects new high flexibility into the power grid
In addition, in addition to energy transfer, Energy storage is also more widely used to provide "grid auxiliary services", such as real-time backup, supplementary backup, frequency modulation services and voltage support, to maintain stable and efficient grid operation. The concept of grid auxiliary services is to deploy energy storage as power transmission, providing new flexibility for the grid to meet capacity requirements. The energy storage system is installed on the transmission line to inject or store electricity through operation, simulating the flow of the transmission line, and can greatly improve the congestion and insufficient resource utilization of the transmission line.
Fluence Actively Expands Energy Storage Systems in the ASEAN Market, Awarded at the Asia Power Awards
Fluence has accumulated profound expertise in the field of energy storage. Recently, together with SMC Global Power Holdings Corp. (SMCGPH), a subsidiary of San Miguel Corporation, Fluence won the Silver Award for the Annual Battery Energy Storage Project of the Asian Power Awards 2022, which was awarded to Kabankalan Battery Energy Storage System deployed for SMCGPH in the Philippines.
Kabankalan battery energy storage system is the first 20 megawatt/20 megawatt hour (MW/MWh) energy storage asset operated on the Visayas power grid. This area is also the largest area of solar power generation in the Philippines. In addition, this system is the first energy storage asset directly controlled by the Philippine State Grid Corporation through automatic generation, capable of providing critical grid stability services. Fluence, with extensive deployment experience in the energy storage field, successfully delivered the Kabankalan energy storage system in less than a year, becoming the second grid scale battery system in the Philippines to achieve commercial operation. This is also a major milestone in our confidence in ASEAN expansion.
Google is the first to adopt Fluence energy storage system and collaborate to create a decarbonization vision for enterprises
As companies set proactive carbon reduction goals, energy storage systems are helping them achieve these visions. Not only can we assist enterprises in achieving decarbonization during their operations, but we can also use energy storage systems to support decarbonization across the entire power grid in the overall market operation. Currently, Google has deployed a 2.75 megawatt (MW) energy storage system using Fluence's Gridstack product in its large-scale data center facility located in Saint Germain, Belgium; This energy storage system is Google's first energy storage system, providing zero carbon emissions electricity to data centers during grid outages, supporting grid stability, and advancing Google's renewable energy deployment goals. Looking ahead, Fluence will continue to actively expand its energy storage market and provide stable and efficient energy storage solutions for more enterprises that value sustainable development.