Malaysia-based ReservoirLink has signed a memorandum of understanding (MOU) with US iron flow battery and energy storage system provider ESS Inc to supply a 200MW energy storage system.
Meanwhile, ESS said it is actively exploring market opportunities for ReservoirLink.
RL ADS Power Sdn Bhd, a 51%-owned subsidiary of Malaysian oil and gas service provider Reservoir Link, plans to deploy energy storage solutions with a total installed capacity of 200MW in Malaysia, Singapore and Indonesia between 2023 and 2027. The non-binding agreement will be implemented after the framework agreement and will be extended to other markets in Southeast Asia.
Oregon-based ESS is the only company in the world to manufacture and deploy an iron flow battery energy storage solution, as the company holds a patent for this battery technology, which uses iron and brine electrolytes to provide 4-12 hours of continuous discharge time, and the degree of degradation is very low.
Under the MoU, the company will provide energy storage solutions for RLADS corporate projects on an ex-works basis, providing engineering, procurement and construction (EPC) services and training and certification of RLADS personnel.
After the training, ReservoirLink employees can provide commissioning, operation and maintenance, and warranty repair services, while ESS will provide commissioning services for the initial deployment.
This MoU is divided into four stages of development. The first phase will include "initial deployment and project planning," followed by "development of an energy-centric business model." In the third phase, the two parties will sign a multi-year framework agreement, followed by the fourth phase, the launch and execution of the project.
ReservoirLink and its partner ADS Asset Holdings formed RL ADS Power in May this year as a joint venture to finance, build or develop energy storage solutions.
