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Stock impact report

Wärtsilä to deliver 150MW BESS to Amp Energy in Australia [Yahoo! Finance]

WARTSILA CORP UNSP/ADR (WRTBY) 
NASDAQ:AMEX Investor Relations: wartsila.com/investors/investor-relations
Company Research Source: Yahoo! Finance
The standalone system, with a 300MWh capacity, is expected to bolster the energy security and reliability amidst the state's increasing reliance on renewable energy sources. The Bungama BESS project, which is currently in its first stage, will utilise Wärtsilä's advanced Quantum High Energy storage technology. This technology is designed to provide essential grid services such as frequency control ancillary services, fast frequency response, and energy arbitrage, all of which contribute to enhanced grid flexibility and stability. In addition to the storage technology, the project will incorporate the GEMS Digital Energy Platform for intelligent power control and optimised energy management operations. Amp Energy Australia president Daniel Kim said: “Across our multi-gigawatt portfolio in Australia, Bungama BESS stage 1 is the first of our energy storage projects to reach this important milestone. “We are pleased to partner with Wärtsilä on this project and value the company Show less Read more
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