TNB to collaborate with South Korean companies for virtual power plant technology

TNB to collaborate with South Korean companies for virtual power plant technology

Bernama / Bernama
March 14, 2019 00:54 am +08

KUALA LUMPUR (March 13): Tenaga Nasional Bhd (TNB) wholly-owned subsidiary, TNB Research Sdn Bhd, has signed a research collaboration agreement worth US$7 million with South Korea’s I-On Communications and KH Shinhwa SnC to introduce virtual power plant technology in Malaysia.

TNB Research chief strategy officer Dr Mohd Fadzli Mohd Siam said the investment was part of “Reimagining TNB” initiative towards renewable energy.

“We hope with this collaboration, we can commercialise it after three years,” he told reporters after the signing ceremony which was witnessed by the country’s visiting trade, industry and energy minister Yunmo Sung here, today.

He said the technology uses a battery with the capacity of generating up to 1 Megawatt of electricity which could also better regulate electricity supply via renewable sources when there is a surge in demand.

“With the power it produces, it can also support the grid when needed and during peak demand,” said Mohd Fadzli adding that they would place batteries in five different locations in Klang Valley for trial purposes within the next three years.

He said the adoption of this new technology will ensure TNB stand on the right track in view of the drastic change in the utility world in the last few years.

“New technologies like virtual power plant, smart meters and fully functioning Smart Grid concept have made large inroads into the utility space and no one should be left behind,” he added.

https://www.theedgemarkets.com/article/tnb-collaborate-south-korean-companies-virtual-power-plant-technology