AboitizPower ventures into battery technology business
AboitizPower is adding to its portfolio battery energy storage system (BESS) projects that will help ensure grid stability through sufficient ancillary services, the company said in a statement on Thursday.
BESS is a storage system that is capable of storing energy electrochemically. It can be connected to the grid, distribution system, or end-user facility to deliver the energy demand when needed, the company said.
“Our foray into battery technology is a key component of our 10-year growth strategy, which ultimately aims to address the energy trilemma of energy security, energy equity, and environmental sustainability,” AboitizPower president and chief executive officer Emmanuel Rubio said.
The company, in partnership with Wartsila and Aboitiz Construction, recently started the installation of its first BESS project in its Therma Marine, Inc. facility with a capacity of 49 megawatts in Maco, Davao de Oro.