- News
Espoo, Finland, 4 January, 2022 – Global energy technology leader Sumitomo SHI FW (SFW) has entered into a collaboration agreement with China’s Shanghai Power Equipment Research Institute (SPERI) for evaluating the feasibility of LDES utilizing liquified air energy storage, CRYOBattery™, technology.
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Collaboration involves conducting a study with two configurations, a four (4) and an eight (8) hour storage, to determine the most optimal size for Binhai Power Station Energy Storage Demo project in Binhai Jiangsu, China. Both configurations consider 50MW discharge power capacity.
The planned Liquified Air Energy Storage system (LAES) will shift energy, reduce curtailment, and maintain system flexibility to allow integration and growth of renewable generation. In addition, the system can provide a transmission and distribution network, helping China’s national grid improve and maintain grid stability.
SPERI, a subsidiary of State Power Investment Corporation (SPIC), has been designated as the development center for Energy Storage technologies to help China meet its target of carbon neutrality by 2060. SPIC is one of China’s five national generation groups with installed capacity of 190 GW, of which 74 GW is solar PV and wind power.
We are pleased to engage with Sumitomo SHI FW for this important demonstration study of LDES which is the cornerstone of China’s energy transition plan to be carbon neutral by 2060.
In 2021, China announced a plan for deployment of 30 GW of grid scale energy storage and a target for renewable power to account for over half of total installed capacity by 2025.
SFW is well positioned to partner with SPERI with its focus on Liquified Air Energy Storage and other energy technology solutions to combat climate change. SFW has been present in China since 1993, with almost 500 employees providing engineering, project management, procurement, and manufacturing services to projects globally.
Long Duration Energy Storage is emerging as a critical need for electric grids to become 100% renewable. This collaboration with SPERI is an important step towards making this a reality.
About Sumitomo SHI FW
Sumitomo SHI FW (SFW) has been providing innovative and environmentally friendly energy solutions to our customers for over 100 years. Our mission is to enable the energy transition to a carbon-free future through decarbonization, decentralization and digitalization.
Our solutions expand from the world-leading circulating fluidized bed (CFB) technology to long-duration energy storage (LDES), waste-to-energy(W2E), waste-to-value(W2V), carbon capture and digital services for the global power and industrial markets. Through co-creation, partnerships, and ecosystem collaboration SFW aims to accelerate the speed of decarbonization and create more value for our customers.
We are global energy experts with more than 1800 talented staff, across multiple locations, covering the globe in North America, Europe, and Asia.
For more information, please visit: CFB Boiler Technology & Energy Storage | Sumitomo SHI FW (shi-fw.com)
For more information about LAES: CRYOBattery – Sumitomo SHI FW (shi-fw.com)
About Shanghai Power Equipment Research Institute (SPERI)
Shanghai Power Equipment Research Institute Co. Ltd. (SPERI) was founded in 1959 and it was restructured with the State Power Investment Corp. (SPIC). SPERI’s core businesses are the technology development and the application of technology synergy with Thermal Power, Clean Energy (Nuclear Power, Gas Turbine Power) and New Energy. SPERI provides services including technology R&D, product R&D, Engineering, EPC contracting, testing and consultancy.
For more information, please contact:
Janna Etchells
Head of Marketing and Communications
Sumitomo SHI FW
E-mail: [email protected]
Mobile: +358 44 239 9471
Nancy Qiu
Regional Vice President, Strategy & Business Development, Asia Pacific
Sumitomo SHI FW
E-mail: [email protected]
Mobile: +19083032232