New Commissioning in Taiwan for NHOA Energy with TCC, Reaching Over 550MWh Online Across Asia

Regulatory News:

NHOA Energy, the company of NHOA Group (Paris:NHOA) dedicated to energy storage, successfully commissioned the over 120MWh energy storage project for Taiwan Cement Group (“TCC Group”) located within the SuAo plant, in the Yilan County, Taiwan.

Falling within a wider landscape of successful projects worldwide, SuAo commissioning confirms NHOA Energy’s foothold in Asia, with over 550MWh of systems in operation, and its solid growth path globally, with c. 2GWh online and under construction in 5 continents, reflecting the commitment to drive sustainable energy solutions worldwide.

The entering in operation of SuAo system marks another key step in Taiwan's energy transition, coinciding with the government's pledge for carbon neutrality by 2050, with important investments to strengthen smart grids and encourage energy storage systems.

NHOA Energy leads the market in providing premium energy storage systems that meet the E-dReg (Enhanced Dynamic Regulation) service requirements set by Taiwan Power Corporation, the Transmission System Operator, and at the same time support industrial behind-the-meter peak shaving for onsite electricity consumption. This demonstrates the strength of NHOA Energy's cutting-edge proprietary technology, which is crucial in fulfilling one of the world's most sophisticated and demanding ancillary service programs, integrating various services to maintain grid frequency and handle substantial daily peak energy fluctuations.

“The commissioning of the over 120MWh project at the SuAo plant for TCC Group represents another key step on NHOA Energy’s growth path in Asia. With over 550MWh currently online, NHOA Energy solidifies its position at the forefront of the energy transition in the region and globally. As countries across Asia invest heavily in clean energy to meet their climate targets and reduce dependence on fossil fuels, NHOA Energy's projects exemplify the critical role of innovative energy storage solutions in enabling the integration of renewable energy and address the sustainable supply requirements of the industrial sector," commented Lucie Kanius-Dujardin, Executive Vice President Global Markets of NHOA Energy.

NHOA Group
NHOA S.A. (formerly Engie EPS), global player in energy storage, e-mobility and EV fast and ultra-fast charging network, develops technologies enabling the transition towards clean energy and sustainable mobility, shaping the future of a next generation living in harmony with our planet.

Listed on Euronext Paris regulated market (NHOA.PA), NHOA Group forms part of the CAC Mid & Small and CAC All-Tradable financial indices.

For further information, go to www.nhoagroup.com

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NHOA Energy
NHOA Energy is NHOA Group’s business unit that designs and delivers turn-key energy storage systems, transforming solar and wind farms into sustainable energy sources available 24/7. As a pioneer in microgrids with renewables and green storage systems, NHOA Energy ranks among the top global system integrators with almost 20 years of experience and over 1.9GWh of capacity online and under construction in five continents around the world. NHOA Energy with offices in UK, US, Taiwan and Australia, maintains research, development, and production of its technologies entirely in Italy.

For further information, go to www.nhoa.energy

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240415990497/en/

The NHOA Stock at the time of publication of the news with a fall of -0,34 % to 0,580EUR on Lang & Schwarz stock exchange (16. April 2024, 08:32 Uhr).