Recently, SMS Energy and Gezhouba Power Group successfully signed a contract for a 100MW/50MWh independent hybrid energy storage frequency regulation power station project in Yicheng, Shanxi. SMS Energy will provide a 50MW/50MWh electrochemical energy storage system. This project is currently one of the largest electrochemical energy storage and flywheel hybrid energy storage frequency modulation projects in China, and is expected to be put into operation in the third quarter of this year. After the completion of the project, it will effectively stabilize the fluctuation characteristics of new energy generation such as wind power and photovoltaic power, alleviate the pressure of power grid peak regulation, and provide strong guarantees for the consumption of new energy electricity and the safe and stable operation of the power grid system in Shanxi Province.
Since its establishment, SMS Energy has actively seized the "hot spot" of the new energy storage industry, always targeting new energy power generation enterprises, power grid companies, and industrial and commercial users as its main customers. Relying on technological innovation, it has jointly established the Energy Storage Engineering Technology Center with Northeast Electric Power University to carry out cutting-edge research on energy storage technology, focusing on the research and development, production, sales, and services of energy storage products on the power source side, power grid side, and user side. It deeply participates in the development of green energy and the construction of new power systems, and is committed to providing customers with high-quality MW level energy storage systems, industrial and commercial energy storage systems, and household energy storage systems. It has delivered multiple energy storage systems in application scenarios such as new energy distribution and storage, shared energy storage power stations, and industrial and commercial energy storage Project.
The successful signing of the hybrid energy storage frequency regulation project has added another application scenario for SMS Energy storage products, and has also added another milestone to SMS Energy achievement of its 2024 annual goals. In the future, SMS Energy will leverage new opportunities to accelerate the development of new energy storage construction, continue to maintain technological innovation, and jointly promote technological breakthroughs and industrialization processes in the new energy storage industry.