Wärtsilä Oyj Abp: Wärtsilä to build energy storage system for Singapore's Energy Market Authority and SP Group

Wärtsilä Corporation, Press release, 24 October 2017 at 12.00 pm EEST

The technology group Wärtsilä announced today that CW Group has awarded it the provision of a 2.4 MW/2.4MWh energy storage system (ESS) test bed for Singapore's Energy Market Authority (EMA), a statutory board under the Ministry of Trade and Industry of Singapore and SP Group, a leading energy utility company in Asia Pacific. CW Group has been contracted by EMA and SP Group to implement this project.

The Wärtsilä solution will incorporate GEMS software from Greensmith Energy, a Wärtsilä company. This test bed will be Singapore's first utility-scale ESS, and the first such project in Asia for Wärtsilä / Greensmith. The plant is expected to be fully operational during the latter part of 2018.

Energy storage capacity will support Singapore's use of solar power by providing energy reserves and reducing peak demand. It will also assist EMA and SP Group to evaluate the performance of ESS technologies in the country's hot and humid climate, its impact on the electricity grid, and to establish future guidelines for ESS deployments.

Commenting on the project, Mr. Ng Wai Choong, CEO of EMA said; "Insights from this test bed will be useful for Singapore to learn how storage could enhance the stability of the grid, provide quick response capacity, and improve operational flexibility. We are also exploring how to couple energy storage with solar forecasting capabilities to enable greater deployment of solar in Singapore." Singapore aims to have 1 GW of its electricity from solar power by 2020, thereby significantly reducing the country's environmental foot print.

"As our first major energy storage deployment in Asia, the project represents a clear endorsement of our advanced technology and software, proven in over 6 countries, along with turnkey (EPC) capabilities provided by Wärtsilä / Greensmith in Singapore and Asia at-large. Energy storage is rapidly becoming a key issue for the global energy markets, and our solutions provide grid stability while enabling the integration of large scale deployments of solar and other renewable resources" said Andrew Tang, Senior Vice President, Greensmith Energy - a Wärtsilä Company.

Wärtsilä closed the acquisition of Greensmith Energy Management Systems Inc in July 2017. Greensmith is a leading energy storage integrator with over 150MW deployed in North America. Greensmith provides a full range of solutions including the turnkey delivery of storage systems complete with software controls to maximize returns for system owners/operators.

Link to image (https://dam.wartsila.com/dam/file/9xETcOL-aM5BWub1uGG3pL/*/Singapore%20ESS.jpg?authcred=d2ViZ3Vlc3Q6d2ViZ3Vlc3Q=&forceDownload=true)
Caption: The Wärtsilä and CW Group teams at Singapore International Energy Week (SIEW) 2017.
Third from left Mr William Wong, Chairman & Chief Executive Officer for CW Group Holdings Limited and first from left Mr Nicolas Leong, Business Development Manager, South East Asia at Wärtsilä Energy Solutions.

For more information, please contact:

Nicolas Leong
Business Development Manager, South East Asia
Wärtsilä Energy Solutions
Tel: [phone]
[e-mail] (mailto:[e-mail])

Andrew Tang
Senior Vice President, Business Development
Greensmith Energy, a Wärtsilä Company
Tel. [phone] x112
[e-mail] (mailto:[e-mail])

Susanna Siira
General Manager, Area Marketing and Market Development
Wärtsilä Energy Solutions
Tel: [phone]
[e-mail] (mailto:[e-mail])

Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global energy system integrator offering a broad range of environmentally sound solutions. Our offering includes ultra-flexible internal combustion engine based power plants, utility-scale solar PV power plants, energy storage & integration solutions, as well as LNG terminals and distribution systems. The flexible and efficient Wärtsilä solutions provide customers with superior value and enable a transition to a more sustainable and modern energy system. As of 2017, Wärtsilä has 65 GW of installed power plant capacity in 177 countries around the world.
https://www.smartpowergeneration.com/ (https://www.smartpowergeneration.com/)

Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
https://www.wartsila.com/ (https://www.wartsila.com/)

---

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wärtsilä Oyj Abp via Globenewswire