Alpha ESS to expand further with the exclusive signing of Taeyang Enertec of Korea!

On March 1, 2019, AlphaESS and South Korea's Taeyang Enertec held a two-way exclusive agency agreement signing ceremony at the AlphaESS head office, Nantong, marking the further expansion of its the global business map to the Korean market.

AlphaESS is an international high-tech enterprise with self-developed and patented new energy lithium energy storage systems, on & off-grid energy storage inverters, lithium battery management systems and Alpha Cloud platform technology. AlphaESS focuses on providing full-power photovoltaic energy storage products and smart energy management solutions. Relying on profound lithium battery, storage industry chain resources and years of scientific research strength and project experience, AlphaESS has expanded its business to more than 30 countries and regions around the world, with more than 10,000 user cases.

Taeyang Enertec is a Korean energy company specializing in project development and construction. A service provider engaged in the sales of solar cells, components and energy storage products and also the development of industrial and commercial projects. With rich experience in photovoltaic projects and adhering to the corporate development philosophy of TRUST, TECHNOLOGY and BELIEF, Taeyang Enertec is committed to providing high quality, safe products and being the one-stop energy solutions to local customers.

(From left : Mr.Taixian Li, Chairman of Taeyang Enertec, From right: Mr. Alfred Wang, General Manager of AlphaESS)

South Korea is a country of huge energy demand with 60-70% of electricity comes from fossil energy and 30% comes from nuclear energy. In 2017, the national governors announced that they would reduce their dependence on coal and oil. They proposed a renewable energy plan for 2030, which plans to increase the proportion of renewable energy from 7% to 20% in 2030, with solar energy accounting for the most. As a result, South Korea has introduced relevant renewable energy quota system (RPS) and green government (RECs) programs to promote the development of new energy, mainly covering areas including industrial and commercial projects, photovoltaic / wind power.

Since 2012, AlphaESS has been exploring the international energy storage market and has been deeply involved in leading markets for energy storage such as Germany, Australia and the United Kingdom and has accumulated many project experiences on the user side. With strategic collaboration and resource sharing from Taeyang Enertec, AlphaESS will extend its reach to South Korea. By utilizing the local electricity market system and pricing mechanism and applying the AlphaESS industrial and commercial energy storage systems, AlphaESS can help to reduce costs and increase efficiency. By helping enterprises to cut peaks and fill valleys, electricity can be stored at off peak time and be used during high demand hours, effectively improving the economic benefits of businesses.

In addition to load shifting, there are other potential profit applications in other emerging application scenarios: demand response, peak load and frequency regulation, demand charge management, virtual power plants (VPP), power quality regulation and improvement, smart micro-grids and other value-adding services. Wait. AlphaESS had extensive project experiences on the above scenarios.