Doosan Heavy Industries wins large-scale energy storage system order in Australia... "Stepping stone for market entry"

[Asia Economy Reporter Ki-min Lee] Doosan Heavy Industries & Construction has laid the groundwork for entering the Australian market by securing an Energy Storage System (ESS) project in Queensland, Australia.

On the 15th, Doosan Heavy Industries & Construction announced that its U.S. subsidiary, Doosan GridTech, had won the largest ESS project in Queensland from Vena Energy, a Singapore-based renewable energy Independent Power Producer (IPP). This is the largest ESS order Doosan Heavy Industries & Construction has received to date, with a total project cost of approximately 100 billion KRW.

ESS is regarded as a business that combines digital technology with eco-friendly green energy and is used for peak power demand management and stabilizing the output of renewable power sources.

Doosan GridTech plans to supply the ESS by 2021 using an EPC (Engineering, Procurement, and Construction) method based on its proprietary ESS software and system integration capabilities. The ESS will have a capacity of 150 MWh, enough to supply electricity to about 23,000 households for one day.

The ESS supplied by Doosan GridTech this time applies its self-developed control software DG-IC (Doosan GridTech-Intelligent Controller) and is a peak reduction type directly connected to the Queensland power grid in Australia.

It is expected to operate on an arbitrage basis by storing electricity during off-peak hours when power consumption is low and supplying it during peak hours when consumption is high.

Song Yong-jin, Head of Strategy and Innovation at Doosan Heavy Industries & Construction, said, "This order once again proves Doosan Heavy Industries & Construction’s ESS technology and competitiveness," adding, "We will expand our business in the rapidly growing Australian ESS market using this project as a stepping stone."

The demand for ESS in Australia continues to increase. According to Bloomberg New Energy Finance (BNEF), an energy market analysis firm, the Australian ESS market (cumulative installed capacity) is expected to grow more than 20 times over ten years, from 1.9 GWh in 2020 to 18.7 GWh in 2025 and 40 GWh in 2030.

This content was produced with the assistance of AI translation services.