SINGAPORE – Sembcorp Industries has commissioned a 285 MWh (megawatt hour) energy storage system (ESS) facility on Jurong Island within six months, which the group on Friday said is South-east Asia’s largest.
Sembcorp expects the ESS to be accretive to earnings, though not material to the earnings per share and asset value per share of the group for the financial years ending December 2022 and 2023.
The latest announcement comes after the group’s utility unit, Sembcorp Utilities, was appointed by the Energy Market Authority (EMA) in June to develop a facility with a contracted capacity of 200MW (megawatt) of power for one hour.
That is enough capacity to meet the daily electrical needs of nearly 17,000 four-room Housing and Development Board flats in a single discharge, Sembcorp said.
A MWh is equivalent to 1,000 kilowatts of electricity generated per hour. An electric…