Turkey’s Altinay partners Vietnam’s VinES on energy storage mission

Vietnamese energy solution firm VinES has embarked on a partnership with Turkish company Altınay Elektromobilite to provide comprehensive energy storage solutions in the Turkish market.

 

“With this partnership, we aim to bring domestic investors in the sector together with the right products and competitive prices,” E. Mert Uygun, general manager of Altınay Elektromobilite, said in a joint release on Monday.

Renewable energy sources are becoming increasingly competitive with conventional fossil fuel power sources, but the challenge for the industry lies in efficiently storing, transmitting, and distributing clean energy, said Vo Le Duy Duc, strategy director at VinES, a unit of Vietnam’s largest conglomerate Vingroup.

Therefore, energy storage systems (ESS) will play a critical role in the transition to clean energy, he noted.

“VinES has developed and offered a key solution to address this problem. We believe that our strategic collaboration with Altınay Elektromobilite will accelerate both companies in bringing the right products and solutions to the Turkish clean power industry.”

Estimates by the International Energy Agency showed that the total installed capacity of container-type energy storage systems could reach 680 gigawatt-hours (GWh) by 2030 in the global net-zero scenario. The increase is calculated as 42.5x between 2022 and 2030, while it is stated that the annual increase in installed ESS capacity worldwide should be over 80 GWh in order to meet the current demand.

Application volume increased to 200 GWh

The number of applications for energy production and storage in Turkey rose to 200 GWh as of January 2023, according to Turkey Energy Market Regulatory Authority (EPDK) data. With the accelerated emergence of sustainable systems such as solar and wind power plants, the electrification of cars and the increasing need for energy storage required to support facilities and grid infrastructure, this demand has brought with it rapid growth signals in the Turkish energy storage market.

The GM of Altınay Elektromobilite said: “In this context, we are going into strategic cooperation with VinES, a global transformative energy solution provider. VinES will offer the technology, system design, production and verification of the ESS, and we will undertake the sales and marketing of the VinES ESS product portfolio, as well as after-sales services in the Turkish market.”

100,000 containers in need

Uygun said his market size could reach 100,000 containers based on the application of EPDK and the fact that each container corresponds to an average installed energy capacity of 2 megawatt-hours in container-type ESS.

“Energy distribution companies, factories, production facilities, as well as many potential customers and investors, including Turkish ones, are planning to operate in this market. At this point, companies need partners with enriched expertise in energy storage,” he added.

He explained further the reason his company and the Vietnamese firm have joined forces. “With our VinES cooperation, their technology and production advantages will strategically fit with our experienced domestic engineering to cover all ESS products, our market dominance, and speed to facilitate field installations, commissioning, and periodic maintenance.

“In addition, when we combine the expertise of VinES in unit cost optimization with the knowledge and experience of Altınay Elektromobilite, we can offer competitive solutions to the end user.”

Source: theinvestor.vn

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