February 18, 2021: Hitachi ABB Power Grids, a company formed in July to develop electricity networks, will supply the energy storage system for Singapore’s first virtual power plant, the company said on February 4.
The project, begun in 2019 by the Energy Research Institute at Nanyang Technological University, has been funded by the state’s Energy Market Authority and Semborp Industries.
It will use intelligent protocols to integrate electricity from distributed energy resources, such as solar power, into the electricity system, optimizing the power output of resources across the island. Energy fluctuations resulting from solar intermittency will be balanced automatically via the VPP.
“This marks a key milestone in the VPP project, as energy storage is critical to the efficient integration of green energy into Singapore’s power grid,” said Sembcorp chief digital officer Matthew Friedman.
In July, Hitachi completed a $6.85 billion 80.1% take-over of the Swiss technology firm ABB’s power grids division — a huge transaction that allows for a 100% take-over after 2023.
News agency Bloomberg said at the time it was the biggest corporate deal Hitachi has made, and that it planned to move away from its nuclear plant business into electricity networks.
ABB’s Power Grids division head, Claudio Facchin, was appointed CEO of the new firm, with Hitachi Executive vice president Toshikazu Nishino becoming chairman.