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Taking a step forward in the renewable energy sector, GE Vernova’s Solar & Storage Solutions business has signed a Memorandum of Understanding (MoU) with Fortune Electric to manufacture its Battery Energy Storage System (BESS) in Taiwan. The collaboration sustains the introduction of GE Vernova’s energy storage portfolio in the Taiwanese market. This will facilitate reliable, affordable, and dispatchable integration of energy into the grid, making a significant contribution to Taiwan’s energy infrastructure.
The agreement entails Fortune Electric manufacturing transformers in Taiwan for the integration of battery cells into GE Vernova’s established energy storage systems. By promoting local manufacturing, GE Vernova enables clean energy access for the people of Taiwan, while delivering electrification and decarbonization solutions across Taiwan’s energy infrastructure. The partnership facilitates the growth of energy storage solutions and contributes to the acceleration of the country’s energy transition.
Prakash Chandra, President & CEO of Solar & Storage Solutions, expressed his enthusiasm for the expansion into Taiwan, stating, “We are very pleased to introduce our energy storage portfolio to the Taiwan market. Relying on our global expertise and proven technology, in collaboration with Fortune Electric, we are ready to provide flexible and intelligent solutions to deliver reliable power to the people in Taiwan.”
The relationship between GE and Fortune Electric dates back to 1997 when the latter became GE’s local transformer and switchgear supplier for major electromechanical turnkey projects, both locally and overseas. “We thank GE Vernova for choosing Fortune Electric as BESS manufacturing local partner, and we believe this solution can be very helpful to Taiwan’s energy storage development”, commented Mr. Ted Hsu, Fortune Electric’s President.