TEL-AVIV, Israel, January 2, 2022 / PRNewswire / – Sungrow, the world’s leading provider of inverter and energy storage solutions and Enlight Renewable Energy, a developer and Israel-traded IPP (TASE: ENLT) with global operations in the United States, Europe and Israel, today announced a joint agreement whereby Sungrow will supply Enlight with 430 MWh of its flagship Liquid Cooled Energy Storage (ESS) system. The contract is the largest SSE agreement signed to date in Israel, strengthening the country’s energy transition and marking a massive increase in the facilities of the newly launched system.
Last year, the Israeli government presented its goal of generating 30% of its electricity needs through renewables by 2030. Solar PV is expected to contribute the bulk, corresponding to 26% of that of Israel renewable electricity in 2030, indicating 12 GW to 15 GW of new photovoltaic installations in the coming decade. To achieve such a high percentage of solar use, Israel is currently aiming to develop an advanced solar storage and storage system to ensure a stable and reliable power grid.
Sungrow will supply 430 MWh of its latest 4 hour liquid cooled ESS, a combination of a 230 MWh contract for stage 1 and a 200 MWh locked battery for stage 2, allowing cost efficiency, flexibility and security.
Sungrow ESS capital and operating expenses are reduced with pre-assembly, easy on-site installation, and a more efficient cellular working environment that dramatically slows capacity loss. With the modular DC / DC converter, the battery rack can be fully charged and discharged. In addition, the system is optimized in terms of safety performance due to its outstanding anti-leak design and an integrated aerosol fire fighting system. Combined with the solar system, the highly integrated ESS can be widely used in multiple applications, including energy transfer, ancillary services, like ramp rate control, reactive power delivery and more.
“We are delighted to announce our first strategic sourcing agreement in energy storage through the selection of Sungrow’s new ESS Li-ion solution. We believe that the combination of Sungrow’s product leadership and CATL’s cellular technology will provide us with the superior solution we need for our more advanced solar battery projects, generating best-in-class performance, ”said Gilad yavetz, CEO of Enlight Renewable Energy.
“Following a rigorous selection process including visits to ESS reference sites and Sungrow’s manufacturing plant, and strict technical specifications, we are proud to have been selected as a solution provider for the project. 430 MWh of Enlight in Israel, an installation benchmark that represents our commitments in the decarbonization process which Israel is in the lead ”, said Tzvi Ben David, Country Manager of Sungrow Israel.
James wu, Vice President of Sungrow also commented, “The advanced liquid-cooled ESS technologies we offer make it easier for our customers to turn solar energy into assets. Israel is the key market for Sungrow to expand its global business. The rise of renewable energies is leading to a wider trajectory for the development of energy storage. Through our efforts, we have seen an intense desire on the part of the population and the government to continue moving towards network parity and a cleaner future. “
Israel, despite being a country of scarce land and natural resources, attaches great importance to technological innovation. As one of the most innovative and energetic PV and ESS players, Sungrow made its first entry into the Israeli market two years ago and has built up a professional local team providing responsive service. By adding the 430 MWh project to its portfolio, the Company will gain more than 50% Israeli market share in 2022. The Company strives to create value through its technology initiatives and applications by partnering with more partners.
About Enlight Renewable Energy
Negotiated on the Tel Aviv Stock Exchange (TASE: ENLT), Enlight is a leading renewable energy company focused on the initiation, development, financing, construction and operation of renewable energy production projects. The company operates in Israel, Europe and United States, with a diverse portfolio of operations and projects under construction and in pre-construction, with a total generation capacity of 2.2 GWDC and a total energy storage capacity of 0.5 GWh. In addition, the company has an additional pipeline with production capacity of 14.8 GWDC and 6.9 GWh of energy storage pipeline in various stages of development. For more information, visit https://enlightenergy.co.il.
Sungrow Power Supply Co., Ltd. (“Sungrow”) is the world’s most bankable inverter brand with over 182 GW installed worldwide as of June 2021. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in solar energy research and development. inverters, with the industry’s largest dedicated R&D team and a broad product portfolio offering photovoltaic inverter solutions and energy storage systems for large-scale, commercial and residential applications as well as solutions internationally renowned floating photovoltaic plants. With 24 years of solid experience in the photovoltaic field, Sungrow produces electrical installations in more than 150 countries. Learn more about Sungrow by visiting www.sungrowpower.com.
View original content to download multimedia: https://www.prnewswire.com/news-releases/enlight-and-sungrow-have-signed-an-agreement-to-supply-430-mwh-energy-storage-system -in -israel-in-one-of-the-biggest-storage-projects-to-install-301452130.html
SOURCE Sungrow Power Supply Co., Ltd.