Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, announced the completion of a 570 MW battery-based energy storage portfolio supplied to SMC Global Power Holdings Corp. (SMCGP). The announcement was made during an inauguration ceremony held by SMCGP for its 1,000 MW / 1,000 MWh battery-based energy storage fleet in the Philippines.
Hosted by SMCGP Chairman, CEO, and President Ramon S. Ang, the ceremony marked the significance of the company’s 1,000 MW / 1,000 MWh energy storage portfolio as the first and largest within the Southeast Asia region. The SMCGP energy storage portfolio is strategically located across 32 sites throughout the Philippines to provide advanced grid stability as increasing amounts of intermittent renewable energy sources are added to the grid. President Ferdinand “Bongbong” Romualdez Marcos Jr. was joined by Secretary of Energy, Raphael Perpetuo M. Lotilla, Energy Regulatory Commission Chairperson, Monalisa Dimalanta, and several undersecretaries from various government departments of the Philippines. Senior officials from the Embassies of the United States and South Korea were among the foreign dignitaries to attend the event.
SMCGP is one of the biggest power suppliers in the Philippines, playing a significant role in the country's power industry. As the largest customer of Fluence in the Philippines, SMCGP has been a key contributor in helping the country progress towards the achievement of its climate goals of 35 percent renewable energy generation in 2030 and 50 percent in 2040. Together, Fluence and SMCGP have deployed 570 MW of energy storage across 18 sites. These projects are providing critical grid stability services throughout the National Transmission Network in the Philippines including frequency response, reserve power, and voltage regulation. The deployment of these energy storage systems marks a significant milestone in the clean energy transition journey of the Philippines towards a cleaner, more resilient, and flexible grid.
“The inauguration of SMCGP’s energy storage system fleet is a key milestone for both SMCGP and Fluence in the ASEAN region. Our relationship with SMCGP began in 2018 when they started to explore energy storage and realized its visionary potential for the Philippines,” said Don H. Lee, GM Southeast Asia and East Asia and VP Service, APAC at Fluence. “The Masinloc energy storage project was the first project in the Philippines and one of the first grid-scale projects to enter Commercial Operations in Southeast Asia. Since delivering that project, we successfully passed grid compliance tests with National Grid Corporation of the Philippines (NGCP) in Kabankalan, Malita, Maco, San Manuel, Concepcion, Jasaan, Villanueva, Gamu, and Maapit, just to name a few. Fluence is excited to bring our more than 15 years of team experience together with our reliable and safe products and proven technology to the Philippines, enabling the success of our customers and the country’s energy transition.”
