Sembcorp will collaborate with Singapore’s Energy Market Authority (EMA) as part of a pilot programme to support the deployment of energy storage in the country.
While working on pilot projects, EMA will also help Sembcorp explore business models for energy storage systems, and facilitate regulatory and market approvals for Sembcorp’s operation of such systems in Singapore.
The initiative, also known as ACCESS (ACCelerating Energy Storage for Singapore), aims to make storage more common in Singapore as it can help counter the intermittency of renewable power sources and enhance the overall stability of the grid. It can also potentially allow consumers to save on their energy bills by storing power for use at peak times.
Sembcorp could use energy storage systems to work alongside its solar power and gas-fired power assets or to provide complete behind-the-meter clean energy solutions for individual electricity consumers.
Sembcorp Group president and CEO Neil McGregor said: “Energy storage is a critically important technology that is gaining momentum globally and will be a game changer especially in the clean energy space. [...] We see the inclusion of energy storage systems as a good complement to our growing renewable energy portfolio. We have invested in such systems overseas in the UK, and are now excited to partner with EMA to apply the technology at home in Singapore, where we are one of the largest solar power players.”
View all SMART GRID Bulletins click here