Seatrium’s floating energy storage solution to start operations in Q1 2024

SEATRIUM ’S floating and stacked energy storage system will be ready for operations in the first quarter of 2024.

The system, said to be the first in South-east Asia, will function as a large-scale battery that stores energy during off-peak periods, and dispenses it during times of high electricity demand.

This will help in managing mismatches in electricity supply and demand, and regulating second-to-second fluctuations in the power grid, said Seatrium and the Energy Market Authority (EMA) on Thursday (Oct 19). It is also able to manage the intermittent nature of solar power – which could shift throughout the day due to rain and cloud cover.

The project, which was awarded to a consortium led by Univers, is part of a S$10 million partnership between Seatrium and EMA to develop marine sector energy solutions, announced in 2020.

The new storage system, which is stacked in nature, will have a deployment footprint that is 40 per cent lower than land-based energy storage systems.

Seatrium and EMA said this could help overcome the Republic’s land constraints.

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It will have a maximum storage capacity of 7.5 MWh, and is able to meet the electricity needs of more than 600 four-room HDB households for one day in a single discharge.