Singapore's Seatrium builds first floating energy storage facility in SE Asia

Seatrium

19/10/2023 11:55

SINGAPORE, Oct 19 (Reuters) - Seatrium Ltd  SEAT.SI , an
energy and marine solutions company, said on Thursday it has
completed the installation of a floating Energy Storage System
(ESS) in Singapore, which is due to be operational by the first
quarter of 2024. 
    Seatrium has been working in partnership with Singapore's 
Energy Market Authority (EMA), and this is the first floating
and stacked ESS in Southeast Asia, the company said in a
statement. 
    An ESS operates as an energy reservoir, capturing surplus
energy during periods of low demand and releasing it during peak
power consumption periods.
    The stacked and floating energy solution is crucial in
addressing Singapore's limited land availability, Seatrium said.
 
    The facility has a maximum storage capacity of 7.5 megawatt
hour (MWh) and can meet electricity needs of "more than 600
four-room HDB households for one day", the company said,
referring to a typical residential apartment in Singapore.   

 (Reporting by Ashley Fang; Editing by Susan Fenton)
 ((ashley.fang@thomsonreuters.com;))