Hanxiang Electric has officially launched its 2MW Wind-Solar Energy Storage Power Island Demonstration Project at the Shui-nan Plant in Taichung. Through strategies like peak shaving and valley filling, this initiative has the potential to generate up to 20% return on investment for enterprises. In addition to targeting large domestic electricity consumers, Chairman Hu Kaihong revealed plans to negotiate for expansion into overseas markets, including Malaysia.
Chairman Hu noted that the average electricity price in Taiwan has increased by nearly 20% over the past two years, with the off-peak price difference reaching as high as 9.29 TWD per kilowatt-hour. He anticipates further price hikes in the future, emphasizing the need for companies to proactively address the significant rise in electricity costs. Hanxiang’s microgrid solutions, utilizing solar, wind, and energy storage technologies, aim to provide a more stable power supply.
Hanxiang plans to commence construction of a larger power island in the Shui-nan area in May, which will be 10 to 15 times the size of the demonstration project and is expected to supply at least 6 hours of electricity for the area.
This innovative energy storage technology is based on aerospace technology and represents the latest integration of renewable energy and energy storage applications. By fully integrating aviation-grade electrical control technologies and systems, Hanxiang has commercialized its products, creating a small-scale independent power system.
Hanxiang’s power island solution is designed to meet the energy demands of urban communities, industrial parks, and disaster recovery efforts, offering a comprehensive all-in-one energy solution.
The 2MW Wind-Solar Energy Storage Power Island demonstration project was developed in response to the government’s Large Electricity Consumer Regulations, which require companies to enhance their green energy usage and modify their electricity consumption practices. Chairman Hu stated that this initiative will help major industrial consumers gradually achieve their carbon reduction goals.
After the ceremony, General Manager Ma Wanjun explained to the media the project’s design and prospects. One key feature of the power island is its seamless electricity transition, allowing for cheaper power input during off-peak hours. During peak pricing periods, the power island can supply electricity, smoothing the power load curve and achieving the peak shaving and valley filling benefits.
Additionally, the power island can operate in island mode during outages and resume normal operations once power is restored. These features provide large electricity consumers with more flexible energy management and improved power quality, ultimately reducing costs.
Shifting to net-zero emissions is not only a national policy but also a global trend. Over the past few years, Hanxiang has systematically developed its energy storage business, planning to introduce its in-house developed Energy Management System (EMS) and Battery Management System (BMS) by 2024.
Hanxiang emphasizes that its power island can already achieve intelligent frequency regulation, real-time backup, and peak shaving applications. It can adjust energy output and storage automatically in response to grid frequency changes while complying with international safety standards, thereby maximizing the benefits of green energy use.
Notable attendees at the inauguration ceremony included Xiao Chunyu, Director of Taichung Power Supply Branch, Yan Jinyi, Director of Taichung Business Office, Liu Qixiao, Deputy Director of the Ministry of Economic Affairs’ State-Owned Enterprises Commission, Xu Maoxin, Director of the Central Taiwan Science Park Administration, and Lai Yongxiang, Executive Director of the Metal Industries Research and Development Centre.
