Latest news with #PowerTitan2.0
Korea Herald
23-05-2025
- Business
- Korea Herald
Sungrow Previews Latest Low-Voltage Residential Storage Energy Product at Solar & Storage Live Philippines 2025, Empowering Southeast Asia's Energy Transition
MANILA, Philippines, May 22, 2025 /PRNewswire/ -- Sungrow, the global leading PV inverter and energy storage system provider, made an outstanding presence at the Solar & Storage Live Philippines 2025, showcasing a wide range of cutting-edge solutions. As the Philippines' energy transformation enters a new stage, the demand for efficient and intelligent energy storage solutions is becoming increasingly urgent. During this exhibition, Sungrow demonstrates its latest and innovative products and solutions covering various scenarios, which could benefit project owners significantly. Utility-Scale Solutions for Grid Stability Beyond the residential sector, Sungrow also introduced its PowerTitan 2.0 liquid-cooled BESS, engineered to meet the urgent demand for grid stability in the Philippines. As the nation's energy landscape faces challenges such as peak load fluctuations and blackouts, the PowerTitan 2.0 emerges as a high-performance solution for applications including energy shifting, peak shaving, frequency regulation, and black start. Key features of the PowerTitan 2.0 liquid-cooled BESS include: With its high integration, intelligence, and adaptability, the PowerTitan2.0 is well-suited to meet the diverse grid application needs in the Philippines and supports the region's transition to a more sustainable energy infrastructure. Meeting Growing Residential Energy Needs: All-New Low-Voltage Residential Storage Energy MG5-10RL As the region experiences rapid urbanization and rising energy costs, there is a clear shift toward residential solar-plus-storage solutions that offer greater independence, reliability, and efficiency. Sungrow's soon-to-be-launched residential series is designed in response to these needs, setting a new benchmark for intelligent and user-centric home energy management. One of the most anticipated highlights of Sungrow's booth was a preview of its upcoming Low-Voltage Residential Energy Storage MG5/6/8/10RL —a new benchmark in smart, flexible, and user-friendly home energy solutions. The official release of this innovative solution is coming soon, and full details will be unveiled. " Sungrow has always pursued innovation and excellence," said Luis Xu, General Manager of Sungrow APAC Region. "With our strong commitment to technological advancement and product quality, we are dedicated to addressing the unique needs of the Southeast Asian market. With industry-leading products like the new MG series and PowerTitan2.0, we're constantly deepening our relationship with local partners and supporting the Philippines in bridging a more sustainable future." About Sungrow Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world's No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world's most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit:
Malaysian Reserve
22-05-2025
- Business
- Malaysian Reserve
Sungrow Previews Latest Low-Voltage Residential Storage Energy Product at Solar & Storage Live Philippines 2025, Empowering Southeast Asia's Energy Transition
MANILA, Philippines, May 22, 2025 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, made an outstanding presence at the Solar & Storage Live Philippines 2025, showcasing a wide range of cutting-edge solutions. As the Philippines' energy transformation enters a new stage, the demand for efficient and intelligent energy storage solutions is becoming increasingly urgent. During this exhibition, Sungrow demonstrates its latest and innovative products and solutions covering various scenarios, which could benefit project owners significantly. Utility-Scale Solutions for Grid Stability Beyond the residential sector, Sungrow also introduced its PowerTitan 2.0 liquid-cooled BESS, engineered to meet the urgent demand for grid stability in the Philippines. As the nation's energy landscape faces challenges such as peak load fluctuations and blackouts, the PowerTitan 2.0 emerges as a high-performance solution for applications including energy shifting, peak shaving, frequency regulation, and black start. Key features of the PowerTitan 2.0 liquid-cooled BESS include: Intelligent and adaptable operation, tailored to the region's grid conditions Integrated AC/DC design for improved system efficiency 2.5MW/5MWh capacity housed in a standard 20-foot container Unrivaled Safety Assurance: Proven reliability through the world's largest and longest BESS Burn Test With its high integration, intelligence, and adaptability, the PowerTitan2.0 is well-suited to meet the diverse grid application needs in the Philippines and supports the region's transition to a more sustainable energy infrastructure. Meeting Growing Residential Energy Needs: All-New Low-Voltage Residential Storage Energy MG5-10RL As the region experiences rapid urbanization and rising energy costs, there is a clear shift toward residential solar-plus-storage solutions that offer greater independence, reliability, and efficiency. Sungrow's soon-to-be-launched residential series is designed in response to these needs, setting a new benchmark for intelligent and user-centric home energy management. One of the most anticipated highlights of Sungrow's booth was a preview of its upcoming Low-Voltage Residential Energy Storage MG5/6/8/10RL—a new benchmark in smart, flexible, and user-friendly home energy solutions. The official release of this innovative solution is coming soon, and full details will be unveiled. 'Sungrow has always pursued innovation and excellence,' said Luis Xu, General Manager of Sungrow APAC Region. 'With our strong commitment to technological advancement and product quality, we are dedicated to addressing the unique needs of the Southeast Asian market. With industry-leading products like the new MG series and PowerTitan2.0, we're constantly deepening our relationship with local partners and supporting the Philippines in bridging a more sustainable future.' About Sungrow Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world's No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world's most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects in over 180 countries, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit:
Yahoo
21-05-2025
- Business
- Yahoo
Zelestra partners Sungrow to deliver 1GWh BESS project in Chile
Zelestra has entered an agreement with Sungrow, marking a milestone for one of the largest battery energy storage systems (BESS) in Latin America. The collaboration is set to enhance the Aurora hybrid project in Tarapacá, Chile, with Sungrow providing its advanced PowerTitan 2.0 liquid-cooled BESS and MV power conversion units. The BESS project, with a storage capacity of approximately 1 gigawatt hour (GWh), is a key component of the Aurora scheme, which also features a 220 megawatts defined conditions (MWdc) solar plant equipped with Sungrow's 1+X Modular Inverter. The initiative demonstrates Zelestra's capability to tailor multi-technology solutions, ensuring a reliable supply of solar energy to Abastible, a Chilean company, through a long-term power purchase agreement (PPA). Zelestra CEO Leo Moreno stated: 'With this major agreement, we have secured some of the most advanced BESS technology available in the market to deliver one of the largest battery storage projects ever in Latin America. This is an important milestone for the Aurora project, as we advance towards the delivery of this highly customised hybrid solution that will meet the needs of our customer, Abastible.' Construction at the Aurora site is progressing, with the project expected to generate around 600GWh of renewable electricity annually. This output will meet the yearly energy needs of 200,000 Chilean households, significantly contributing to the nation's decarbonisation efforts. The BESS units are scheduled for delivery from the fourth quarter of 2025. Sungrow vice-chairman Jack Gu stated: 'We are proud to partner with Zelestra on the landmark Aurora project, delivering our cutting-edge PowerTitan 2.0 energy storage solution as well as PV inverters to one of the most significant hybrid projects in Latin America. 'This collaboration reflects our shared commitment to accelerating the energy transition in Chile and across the region, while ensuring a reliable, sustainable power supply for Chilean homes. Together, we are unlocking the full potential of solar and storage to build a greener future.' Zelestra has also successfully secured financial closure for a portfolio of six solar PV projects in Spain, comprising the Belinchón and Brazatortas clusters. The financial arrangement includes 21 PPAs and a senior debt package worth €146.6m in green financing for the construction phase. BNP Paribas and Rabobank played pivotal roles as mandated lead arrangers, issuing banks and hedging providers, with BNP Paribas also acting as the green loan coordinator. "Zelestra partners Sungrow to deliver 1GWh BESS project in Chile" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
18-04-2025
- Business
- Yahoo
Spearmint Energy secures $250m for two battery storage projects in Texas
Spearmint Energy has successfully closed financing of more than $250m for two battery energy storage systems in the US state of Texas. The projects, Tierra Seca and Seven Flags, each have a capacity of 100MW/200 megawatt hours (MWh) and are currently under construction in Del Rio and Laredo respectively. The package includes $59m in construction-to-term loan facilities from Manulife, $95m in tax equity bridge loan (TEBL) facilities from East West Bank and Investec, and $98m in tax equity commitments from Sugar Creek Capital. East West Bank and Investec coordinated the TEBL facilities, with Investec as the administrative agent and East West Bank as the collateral agent and depository bank. Spearmint founder, president and CEO Andrew Waranch stated: 'We are thrilled to secure this financing for Tierra Seca and Seven Flags, which demonstrates the confidence world-class investors have in Spearmint's ability to develop and efficiently operate grid-scale energy storage infrastructure. 'As rapidly increasing power demand continues to put pressure on grid stability, we are pleased to accelerate the development of these two projects to facilitate increased energy availability in ERCOT.' The MA Mortenson Company is handling the construction of both projects. The projects will use the PowerTitan 2.0 energy storage platform from Sungrow Power Supply. Tierra Seca and Seven Flags will contribute more than 200MW/400MWh of storage capacity to the Electric Reliability Council of Texas (ERCOT) grid, aiming to provide reliable and affordable power across the state. Both projects will commence operations towards the end of 2025. Legal representation for the financing was provided by Paul Hastings for Spearmint, Day Pitney for Manulife, Milbank for East West Bank and Investec, and Leverage Law Group for Sugar Creek. Spearmint chief financial officer Cory Magnuson stated: 'Manulife, East West Bank, Investec and Sugar Creek Capital are globally recognised investors with strong expertise in energy and infrastructure. We are proud that they have elected to partner with Spearmint in our mission of providing safe, stable and affordable power to the grid.' "Spearmint Energy secures $250m for two battery storage projects in Texas" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
