Chilean independent power producer (IPP) Innergex Renewable Energy has ordered two battery storage systems from Mitsubishi Power Americas for the co-location of two solar-plus-storage projects in Chile.
Innergex has signed an order with Mitsubishi Electric Americas to supply Emerald energy storage solutions, which are expected to come online in 2023. The Emerald energy storage solution is a lithium iron phosphate (LFP)-based energy storage system that lasts up to six hours, although the two battery storage projects ordered will only discharge for five hours.
The battery storage projects will be co-located with Innergex's existing solar power facilities and will provide load shifting services to release electricity stored during the day to meet demand at night.
Innergex's Salvador solar power generation facility with an installed capacity of 68MW will be equipped with a 50MW/250MWh battery energy storage system, while the Andrés solar power generation facility with an installed capacity of 50.6MW will be equipped with a 35MW/175MWh battery energy storage system. The two solar farms were acquired in January and January 2022, respectively.
The battery storage system will receive capacity payments and transactions in the wholesale energy market. They will also provide resilience to Chile's transmission and distribution infrastructure. The two battery energy storage projects have a combined investment of $128.5 million.
According to a press release issued by Innergex, they will be one of the first solar and energy storage projects to be co-located in Chile, Innergex's first battery energy storage project in Chile, and Mitsubishi Electric Americas' first in South America. first project. The Chilean government has set a goal of using 80% clean energy by 2030 and 100% clean energy by 2050.
Tom Cornell, senior vice president of energy storage at Mitsubishi Electric Americas, said in a recent interview with industry media that the company's energy storage business will expand to more regions in 2022, and last year was mainly deployed in a few states in the United States, most notably in in California. The company has deployed more than 1.7GWh of battery storage projects around the world.
Commenting on the announcement, Cornell said: “We are excited to bring our energy storage technology and products to South America and expand our business beyond North America. The combination of renewable energy generation facilities and Emerald energy storage solutions will bring Creating a better, smarter and more resilient energy future for our customers in Chile and around the world."
Michel Letellier, President and CEO of Innergex, added: "The combination of hydro, wind, solar and battery energy storage systems enables Innergex to meet customer needs at any time of the day and provide industrial customers with a 24/7 energy supply. Additionally, capacity payments from energy storage systems allow these projects to benefit from stable and predictable revenue, which, combined with revenue from the commercial market, makes these projects viable.”
Mitsubishi Electric Americas will also provide its self-developed energy management system (EMS) and supervisory control and data acquisition (SCADA) platform and battery energy storage system, with its Emerald integrated plant controller providing real-time battery energy storage system operation and supervisory/supervisory control platform.
Chile will hold another major auction for renewables and energy storage later this year to support the Chilean government's decarbonization plan.