Fluence and Rich Electric Announce Partnership to Deploy the First 100 MW level Battery-Based Energy Storage System in Taiwan
Fluence Energy, Inc. (FLNC)
Company Research
Source: GlobeNewswire
View Press Release in Traditional Chinese TAIPEI, Taiwan, July 04, 2022 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and digital applications for renewables and storage, today announced a strategic partnership with Rich Electric, a Taiwanese company with expertise in power conversion and battery-based energy storage systems. Through this partnership, Fluence and Rich Electric will deploy a 100 MW battery-based energy storage system in Hualien to support Taipower’s automatic frequency control (AFC) services. With a target completion of mid-2023, the project will be the first 100 MW level system in Taiwan, and is anticipated to be one of Fluence’s largest AFC projects in the country. “Taiwan has become one of the most active energy storage markets in the Asia Pacific region. The growth momentum of the energy ecosystem is driven by a clear target and objectives for renewable energy and net zero
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