Solar cell and PV module maker United Renewable Energy (URE), through partnerships with electric machinery maker Shihlin Electric & Engineering and battery solution developer Saft Groupe, has won a bid for setting up a 15MW energy storage system for state-run Taiwan Power Company (Taipower).
The energy storage system wii support a 15MWp PV power station already in operation in southern Taiwan, URE said. The energy storage system features AFC (automatic frequency control) functions to smooth flow of PV-generated electricity from the station into power grids, URE noted.
For the project, Shihlin will provide power transforming equipment and Saft battery solutions, URE indicated.
PV makers: Financial results, 1Q21 (NT$m) | |||
URE | Motech | TSEC | |
Consolidated revenues | 3,005 | 1,109 | 1,137 |
Gross margin | -1.57% | 5.88% | 5.21% |
Operating profit | (460.8) | (20.8) | (9.4) |
Net profit | (532.7) | (24.4) | 1.8 |
Net EPS (NT$) | (0.20) | (0.07) | 0.41 |
Source: Companies, compiled by Digitimes, May 2021
