French Company SAFT has landed a major contract from Neoen, the market leader of renewable energy in France. The contract entails that SAFT will deliver an 8MW/8MWh photovoltaic ESS project in the South of France, the location chosen for this project is the city of Antugnac. This project will be the first of its kind as it will be connected to the RTE French national grid and its main benefit to the grid is its use in frequency regulation. This project is scheduled to be completed within 10 months of its announcement. The expected life of this ESS is claimed by Neoen to be 15 years and its maintenance, handling, and end of life procedures will be the responsibility of Neoen. The main purpose of Neoen commissioning this project is because the company needs to meet benchmarks for its tender contract with RTE. This project is also in line with Neoens’ goals of having 10GW in operations under their portfolio by 2025.
As Storage projects are a key consequence in the strive to reduce emissions, This project also has an impact on the French clean energy goals to achieve net zero emissions by 2050, and the existing EU goals to reduce emissions by 55% by 2030. So this, being the first co-located grid connected renewable ESS project, opens up the gates for more investors and market players to invest in clean energy storage systems. SAFT’s main competition in the French market is LG Chem and Samsung SDI, both foreign players who have equivalent market stakes in France so this project gives these companies a gateway to invest in grid connected PV Energy Storage Systems as well.
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