11/05/2020 | Press release | Distributed by Public on 11/05/2020 02:31
Lease-based energy storage
'We were looking for ways to improve our energy efficiency and power quality in our production facilities,' said Pasi Lehtinen, VP Supply Chain at Sinebrychoff. 'This innovative model developed by Siemens and its partners is an ideal all-in-one solution.'
Fluence's Edgestack™ energy storage system is built on its sixth-generation tech stack, which combines factory-built hardware, advanced software and data-driven intelligence. Edgestack features a modular design and supports commercial and industrial applications, helping customers avoid expensive peak loads, regulate frequencies, and balance voltage fluctuations.
'Energy storage provides significant benefits not only to customers but also to the broader electric grid,' said Dennis Fehr, CFO at Fluence. 'We are pleased to contribute our industry-leading technology to the project and look forward to replicating this service model with Siemens and MW Storage International in the future.'
Purchase, installation, and operation of the system are handled by Siemens and Vibeco. Grid operator Fingrid purchases additional services, such as primary grid frequency regulation, that are supported by the energy storage system installed at Sinebrychoff. Thanks to Fingrid establishing national marketplaces for reserve power and balancing the grid, the storage system can automatically and continuously balance the grid.
'We see this as the storage model of the future for various industries, including food and beverage,' added Wilfried Karl, CEO, MW Storage International. 'They benefit from state-of-the-art storage technology, financial and environmental advantages, as well as proven expertise and an attractive license model.'
'Like many other industries, the global food and beverage sector is going through a major energy transformation,' said Roland Chalons-Browne, CEO, Siemens Financial Services. 'The integration of technology and finance has enabled this ground-breaking solution for Sinebrychoff, and in turn has created a very effective model for energy management.'
The project will be a new showcase for Siemens' VPP solution, which runs on a software platform. The platform intelligently balances electrical loads from buildings or manufacturing facilities that have been connected in a microgrid, incorporating renewable energy and energy storage. In helping balance power consumption, the VPP decreases the need for reserve power, leading to a reduction in carbon dioxide emissions in the Finnish market.