, Singapore
336 views
Photo by Pixabay: https://www.pexels.com/photo/solar-panel-356049/

Singapore to launch Southeast Asia’s 1st floating, stacked energy storage system

It will start operations in the first quarter of 2024.

Singapore rolled out the first floating and stacked Energy Storage System (ESS) in Southeast Asia at Seatrium’s Floating Living Lab, with a maximum storage capacity of 7.5 megawatt-hours.

In a statement, the Energy Market Authority (EMA) said the ESS, which is expected to start operations by the first quarter of 2024, can meet the electricity needs of over 600 four-room HDB households for a day in one discharge.

ALSO READ: Singapore’s EMA awards conditional license to Gurin-Gentari JV to import electricity from Indonesia

This part of its around $7.3m (S$10m) partnership with Seatrium.

The EMA added that the project addresses Singapore’s land constraints as its deployment footprint is up to 40% less than land-based ESS.

EMA said ESS will support the intermittent nature of solar power which fluctuates during rainy and cloudy periods.

$1 = $1.37

 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Sasseur REIT extends sponsor loan maturity
The agreement extends the maturity of the sponsor loan from March 2025 to March 2030.
Markets
GuocoLand to redeem $400m perpetual securities
The securities were issued under the group’s $3b multicurrency note programme.