Fluence, a global market leader in energy-storage products and services, and digital applications for renewables and storage announced that it has been chosen by the local renewable energy IPP, Ina Energy, subsidiary of the PJ Asset Management Group, as the solution provider to deliver a 6-megawatt/6-megawatt-hour battery-based energy-storage system in Taoyuan, Taiwan. Fluence will cooperate with Taiwan-based TECO Group and its subsidiary YATEC to offer Automatic Frequency Control services to the state-owned utility company Taiwan Power Company (Taipower) – services that are vital to helping Taiwan meet its renewable-energy targets and climate goals.
The global storage market is growing at an unprecedented pace. According to the latest forecast from BloombergNEF, energy-storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt hours by the end of 2030, more than 20 times larger than the 17 gigawatts/34 gigawatt hours online at the end of
