Saavedra’s CREC teams up with Sungrow for massive battery energy storage push

Citicore Renewable Energy Corp. (CREC), controlled by tycoon Edgar Saavedra, is advancing its renewable energy initiatives by partnering with Sungrow Power Supply Co., Ltd., a global leader in energy storage solutions.

The deal includes the procurement of 1.5 gigawatt-hours (GWh) of battery energy storage systems (BESS) to support CREC’s solar projects nationwide.

Sungrow’s Power Titan series, known for its efficiency and lower energy costs, will enable CREC to store solar energy and manage power demand effectively.

The battery energy storage system technology addresses solar energy’s intermittency, ensuring a steady supply through load shifting, which stores energy for later use.

Oliver Tan 
CREC president, CEO 

This collaboration also includes engineering and construction support from Sungrow to maximize the integration of the battery energy storage systems into CREC’s solar facilities.

Management’s view

“The immediate development of battery energy storage systems is a necessary step to fulfill the maximum potential of our renewable energy facilities and is crucial to our support for the Department of Energy’s ambitious energy transition plan,” CREC president and CEO Oliver Tan said in a statement.

“With these installed within our solar facilities, we will be able to provide needed power on a mid-merit basis,” he added.

“We are happy to support CREC in its goals to advance energy storage systems in the Philippines. Through our technology, we will be able to help CREC and the Philippines with its power needs,” Sungrow vice president Shawn Shi said in the same statement.

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