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Fluence and Litgrid Energy Storage-as-Transmission Pilot Project Wins Prestigious S&P Global Energy Award
The pilot project is the first of its kind in the Baltics, and one of the first globally, that uses a grid-scale battery-based energy storage system on the
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[{"type":"text","content":"The pilot project is the first of its kind in the Baltics, and one of the first globally, that uses a grid-scale battery-based energy storage system on the transmission network\nARLINGTON, Va., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, and Litgrid, the Lithuanian transmission system operator, won a prestigious international S&P Global Energy Award 2022 in the Grid Edge category. The award was given for a battery-based energy storage-as-transmission pilot project deployed in Lithuania by Litgrid and supplied with Fluence’s Gridstack™ grid-scale energy storage product. The pilot project is the first of its kind in the Baltics, and one of the first globally, that uses a grid-scale energy storage system on the transmission network. All winners of this year’s S&P Global Energy Awards were announced on Dec. 8 during the 24th Annual Awards Ceremony and Gala. \"We are thrilled to receive this award with our partners at Litgrid and are also excited about the visibility that the award will bring to the benefits of utilizing energy storage at the transmission level,\" said Marek Wolek, SVP & Chief Strategy and Commercial Officer at Fluence. “Fluence is proud to partner with Litgrid in testing new applications for energy storage to provide additional transmission system value, improve resilience, and increase energy security.\" Since its launch, the project has produced groundbreaking results in helping maintain grid stability and reliability, storing and instantly supplying energy to the network when needed, and also providing frequency regulation. After successfully completing an initial test phase, the energy storage system is now operating as an integral part of the Lithuanian power transmission system. The pilot project’s successful completion has been followed by the ongoing rollout of four 50 MW / 50 MWh energy storage projects in Lithuania with a combined rated output and capacity of 200 MW / 200 MWh at substations in Vilnius, Alytus, Utena, and Šiauliai. \"This award is an exciting milestone both for the entire team that worked on the project and for our focus on innovation,\" said Litgrid CEO Rokas Masiulis. \"Through this 1 MW project, Litgrid became the first transmissio...