GE Vernova’s Solar & Storage Solutions has executed a Memorandum of Understanding (MoU) with Fortune Electric for manufacturing its Battery Energy Storage Solutions (BESS) in Taiwan. GE and Fortune Electric have a longstanding relationship dating back to 1997. Fortune Electric has been GE’s local supplier of transformers and switchgear for both local and international electromechanical turnkey projects undertaken by GE.
This partnership reinforces GE Vernova’s entry into the Taiwanese market with its energy storage portfolio and aims at facilitating the seamless and cost-effective integration of energy into the grid for reliable and dispatchable power supply.
As part of the MoU, Fortune Electric in Taiwan will manufacture the transformers required for integrating battery cells into GE Vernova’s energy storage system. This collaboration not only highlights GE Vernova’s dedication to local manufacturing but also aims to facilitate the provision of cleaner energy to Taiwan’s population of 23 million people.
The MoU also evidences the joint commitment of GE and Fortune Electric to electrify and decarbonize Taiwan’s energy infrastructure. By teaming up together, they are supporting the expansion of energy storage solutions, facilitating the acceleration of the energy transition.
“We thank GE Vernova for choosing Fortune Electric as BESS manufacturing local partner, and we believe this solution can be very helpful to Taiwan’s energy storage development”, said Mr. Ted Hsu, Fortune Electric’s President.
“We are very pleased to introduce our energy storage portfolio to the Taiwan market. Relying on our global expertise and proven technology, in collaboration with Fortune Electric, we are ready to provide flexible and intelligent solutions to deliver reliable power to the people in Taiwan,” said Prakash Chandra, President & CEO of Solar & Storage Solutions.