FLNC - Fluence and Rich Electric to deploy the first 100 MW level battery-based energy storage system in Taiwan

• Fluence Energy ( NASDAQ: FLNC ) announced a strategic partnership with Rich Electric to deploy a 100 MW battery-based energy storage system in Hualien to support Taipower’s automatic frequency control (AFC) services.
• The project will be the first 100 MW level system in Taiwan, and is expected to be one of company’s largest AFC projects in the country.
• The project is expected to be completed by mid-2023,
• “Taiwan has become one of the most active energy storage markets in the Asia Pacific region. The growth momentum of the energy ecosystem is driven by a clear target and objectives for renewable energy and net zero emission set by the local government,” said Fluence SVP & President APAC Jan Teichmann. “Through this partnership with Rich Electric, we look forward to building a more resilient smart grid in Taiwan and accelerating the local energy transition.”
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