(MENAFN- B2Press) The fact that the transition to sustainable energy has become a more important topic with each passing year has increased the demand for energy storage system capacity. Aware of the rising importance of storing generated renewable energy, the Turkish energy company collaborated with Vietnam's VinES, a transformative energy solution provider, including energy storage systems.
TURKEY - While the world is discussing decarbonisation, net zero scenarios and sustainable energy policies, the importance of energy storage systems has gradually increased. The International Energy Agency's estimates showed that the total installed capacity of container-type energy storage systems (ESS) could reach 680 gigawatt-hours (GWh) by 2030 in the net zero scenario. According to these estimates, while the increase is calculated as 42.5 times between 2022 and 2030, it is stated that the annual increase in installed ESS capacity worldwide should be over 80 GWh in order to meet the current demand. Following the global transformation and the needs of local markets, Altınay Elektromobilite cooperated with VinES Energy Solutions, a subsidiary of Vietnam's largest private holding, Vingroup, which specializes in the R&D and production of advanced batteries for mobilization and energy storage applications.
Domestic investors will be offered the right product and competitive prices E. Mert Uygun, General Manager of Altınay Elektromobility, who shared his evaluations on the subject, said,“The cooperation between Altinay and VinES will bring a lot to the country, where the demand for energy and production is increasing. With this cooperation, we aim to bring domestic investors in the sector together with the right products and competitive prices.”
Vo Le Duy Duc, Strategy Director of VinES, said:“With the rapid development of technology, renewable energy sources are becoming more and more competitive with traditional fossil fuel power sources. However, the challenge for the industry lies in the efficient storage, transmission and distribution of clean energy. ESS will play a critical role in the transition to clean energy. As VinES, we have developed an important solution to solve this problem. We are pleased to partner with Altınay Elektromobilite and believe that our strategic cooperation will strongly accelerate both companies in bringing the right products and solutions to the Turkish clean energy industry.”
Application volume increased to 200 GWh According to the Energy Market Regulatory Authority (EMRA) data, the number of applications for energy production and storage in Turkey increased to 200 GWh as of January 2023. With the rapid emergence of sustainable systems such as Solar Power Plant (GES) and Wind Power Plant (RES), the growing need for the electrification of automobiles and the storage of energy needed to support utilities and grid infrastructure, this demand has signalled rapid growth in the energy storage market.
Stating that they want to take their place in the energy storage market, which is expected to show unprecedented growth, and to be positioned as a reliable business partner for domestic investors, E. Mert Uygun said,“In this context, we are going into strategic cooperation with VinES, a global transformative energy solution provider with a diverse product portfolio. VinES will present ESS technology, system design, fabrication and validation. We will undertake the sales and marketing of the VinES ESS product portfolio in the Turkish market, as well as after-sales services.”
100 thousand containers are needed on the basis of demand-pull E. Mert Uygun, General Manager of Altinay Elektromobility, stated that the market size could reach 100 thousand containers according to the amount of application in EMRA and that each container in the container type corresponds to an average installed energy capacity of 2 megawatts/hour.
“Many potential customers and investors, especially energy distribution companies, factories and production facilities, are planning to operate in this market, including Turkey. At this point, companies need companies with rich expertise in energy storage with whom they will establish reliable technology partnerships. The infrastructure, which will respond to at least 10% of the total demand with initial investments, is expected to be commissioned in the next 2 years. These developments will support the development of the electric vehicle industry in the domestic market, where existing city grids are unable to charge many electric vehicles simultaneously. With ESSs, energy pools will be created in certain regions, and the grid infrastructure will be strengthened.”
Indigenous engineering will offer market knowledge and competitive prices E. Mert Uygun, reminded that they have been specializing in the development and construction of energy storage systems based on various chemical derivatives of lithium-ion batteries for 12 years and that they have been operating in the electrification of heavy vehicles and high voltage battery packs as well as container type battery systems, concluded his evaluations with the following statements:
“As the market leader, our first goal is to develop domestic technology in ESS and electric vehicles. However, we believe that it is essential to establish strategic partnerships with global companies that are experts in their fields in order to enter the market with the right products. Advantages of VinES in technology and production; Our domestic engineering muscles in experience spanning all ESS products strategically match up with our market dominance and speed to facilitate field installations, commissioning and periodic maintenance. In addition, when we combine VinES's expertise in unit cost optimization with Altınay Elektromobilite's knowledge and experience, we become able to offer competitive solutions to the end user. Meeting the increasing energy storage needs of our country and taking it to a leading position in green energy transformation is among our priority goals."
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