Huawei and Faria Renewables collaborate to create Energy Storage Systems in Greece

Cooperation aimed at developing and operating Battery Storage Systems (BESS) in Greece was signed by FARIA Renewables. In particular, as announced, HUAWEI’s cooperation with FARIA Renewables was formalised by signing a Memorandum of Cooperation (MoU), stressing the joint commitment of the two companies to accelerate the energy transition and promote sustainability in the renewable energy sector. CORVERSE FARIA Renewables, as a rapidly growing Independent Power Producer (IPP) from renewable sources, commits to creating a technologically differentiated portfolio, with a key objective and integration of major capacity storage and innovative solutions. Energy storage is the key to ensuring the stable supply of renewable energy to electricity systems, offering solutions to achieve flexibility, improve network reliability and electricity quality, and support the further development of renewable energy sources. HUAWEI is a key player in supporting the global transition to renewable energy sources and develops cutting-edge solutions for energy storage systems, specially designed for implementation on high-voltage networks. These solutions not only offer increased resilience, flexibility and efficiency, but also support innovative Grid Forming technology, which will play an important role in the future development of electricity networks worldwide. CORVERSE As part of the cooperation, HUAWEI will provide FARIA Renewables with innovative and reliable solutions for photovoltaic and energy storage projects, while providing integrated technical support for the operation and operation of projects up to 1GWh over the coming years. The two companies recently signed a contract for FARIA Renewables’ first energy storage project in Greece. This is a pioneering 49.9MW nominal power project and 100MWh storage capacity, which is expected to enter into operation within 2025. The project was selected, based on its offer, at the 2nd auction for autonomous batteries, conducted by RAAY. The project will be connected and will work by maintaining this performance at the point of connection with the Greek Electric Power Transmission System for at least ten years. The delivery of equipment is expected to take place in the summer of 2025, further highlighting HUAWEI’s ability to have productive capacity, advanced logistics for short deliveries and rapid response to customer requirements to provide personalized solutions. Ms Thalia Valkuma, President and CEO of FARIA Renewables, said: “I am very happy to announce our cooperation with HUAWEI, one of the world’s leading companies in the field of energy storage. As part of our cooperation for a sustainable future, we are confident that the potential and experience of both companies will be exploited. We share the same values, we recognise energy storage as an important step for Greece’s energy transition, and we have the same vision and the same willingness to contribute to the effort for a greener society.” Mr Dimitris Kintsakis, Vice President and CEO of FARIA Renewables, added: “FARIA Renewables, through this collaboration and implementation of the first storage project within 2025, incorporates innovative applications and initiatives that are part of its strategic design for a more sustainable and green future. Our aim is to create added value in local society, as well as in the research and academic community and to facilitate the dissemination of this progress, knowledge and experience.” Mr Ren Fujin, CEO South-East Europe of Huawei, said: “We are really happy to work with FARIA Renewables in this innovative energy storage project. The signing of the Memorandum of Cooperation between our companies confirms our commitment to the development of sustainable energy solutions and the creation of added value for society and the environment.” Source: RES – ICM