October 25 (Renewables Now) - Quality assurance outfit VDE Renewables and partners launched a global initiative for energy storage at the opening of the annual Asia Clean Energy Summit in Singapore on Tuesday.
Called the Global Energy Storage Competence Cluster (GECC), the initiative will feature VDE Prime Labs in Singapore, Germany and the US, and will offer VDE's testing and certification product portfolio for energy storage products and systems.
VDE Renewables, a unit of Germany's VDE, the Association for Electrical, Electronic and Information Technologies, is partnering on the venture with the Fraunhofer Institute for Solar Energy Systems ISE and the Nanyang Technological University Singapore's Energy Research Institute (ERI@N).
The VDE Prime Lab in Singapore will be the world's first to offer bankability and insurability certification for energy storage at the systems level, according to the announcement.
Lim Kok Kiang, assistant managing director at the Singapore Economic Development Board, said that the bankability certification will enhance Singapore's value proposition in energy management and microgrids.
The GECC launch comes as the growth of the energy storage industry is expected to lead to increasing demand for testing, both for certification requirements and for the industry's development and innovation activities. Global demand for batteries is forecast to grow exponentially, the partners say, with e-mobility and stationary storage to support renewables and grids added to traditional applications. The former two categories will be dominated by lithium-ion-based technology, they add.