November 18 (Renewables Now) - US-based Powin Energy Corp has formed a joint venture with China’s GCL System Integration (SHE:002506) that will enable the two companies to expand their energy storage activities in the Asia-Pacific region.
The new company is branded as G-Powin Energy Solution, the unit of energy conglomerate GCL Group said on Friday. It will focus on front-of-the-meter energy storage schemes, with Powin bringing to the partnership its project pipeline that now exceeds 6 GWh.
The G-Powin Solution JV will offer a containerised product that features direct current (DC) battery racks and a battery management system (BMS) with DC collection/protection, Process Cloud Service (PCS) and energy software management. It was presented last month in Australia, where grid volatility issues are a serious obstacle, and this, Powin’s senior vice president Danny Lu says, indicates it is “the right time” to enter that market.
Apart from Australia, the partnership will target other markets in the region, such as Vietnam and South Korea.
According to the statement, Oregon-headquartered Powin has already supplied over 200 MWh of energy storage capacity.