Taiwan-based Fortune Electric has joined hands with the American GE Vernova’s Solar & Storage Solutions business to manufacture its Battery Energy Storage Solutions (BESS) in Taiwan.
The firm said in a statement that the Memorandum of Understanding (MoU) supports GE Vernova’s introduction of its energy storage portfolio in Taiwan. It is expected to enable reliable, affordable, and dispatchable integration of energy to the grid.
“We are very pleased to introduce our energy storage portfolio to the Taiwan market. Relying on our global expertise and proven technology, in collaboration with Fortune Electric, we are ready to provide flexible and intelligent solutions to deliver reliable power to the people in Taiwan,” said Prakash Chandra, President & CEO of Solar & Storage Solutions.
“The agreement includes the production of the transformers by Fortune Electric in Taiwan to enable battery cell integration into GE Vernova’s proven energy storage system, supporting GE Vernova’s commitment to local manufacturing and to enable more clean energy to its 23 million people,” he informed.
“We thank GE Vernova for choosing Fortune Electric as BESS manufacturing local partner, and we believe this solution can be very helpful to Taiwan’s energy storage development”, said Ted Hsu, Fortune Electric’s President.
With the firms being partners since 1997,Fortune Electric had become GE’s local transformer and switchgear supplier for GE’s major local and oversea electro-mechanical turnkey projects.
The collaboration aims at contributing to the growth of energy storage solutions, helping to accelerate the energy transition.