Microgrids can integrate multiple distributed energy sources, including renewables such as wind and solar or thermal systems such as combined heat and power with energy storage. The Microgrid provides the superior connection and control to coordinate these energy sources and meet the needs of both industrial and residential end users. In addition, it reduces the problem of volatility in the production of renewable energy. A further advantage is that these projects contribute to improved environmental performance by minimizing the use of carbon-intensive energy sources while improving cost-effectiveness, power quality and power-supply resilience.
SUSI will structure and finance the projects through its SUSI Energy Storage Fund. SUSI intends to provide capital of up to €100 million to finance the development and execution of microgrid and energy storage projects by qualified partners. Under the agreement, ABB will provide project developers with integrated technology solutions leveraging their expertise in designing and building off-grid and grid-connected microgrids.
Marco van Daele, SUSI Partners' Chief Investment Officer, said, "This partnership with a well-respected and competent technology partner, such as ABB, gives SUSI additional investment leeway and we expect it to offer a number of attractive investment opportunities for the SUSI Energy Storage Fund."
“As a pioneering technology leader and solution provider, we will work with SUSI to enhance our customer value proposition and accelerate the adoption of microgrid and energy storage solutions,” added Massimo Danieli, head of ABB’s Grid Automation business within the company’s Power Grids division.