Energy storage company Doosan GridTech has won its first project in the US.
The deal will see the US-based firm supply advanced energy storage solutions for solar power generation to the Kingsbury substation, which is operated by Texas utility Austin Energy.
The contract marks the company’s first order since South Korea's Doosan Group acquired US-based storage software solutions provider 1Energy Systems three months ago and changed its name to Doosan GridTech, which is now part of Doosan Heavy Industries & Construction.
Doosan GridTech chief executive Dae-jin Choi said: “The global energy storage systems market is projected to grow exponentially at an average annual rate exceeding 20 per cent.
“Doosan will increase the competitiveness of its integrated solutions by banking on its advanced software technologies, and will be supplying more of its energy-efficient storage system solutions in the North American region.”
Doosan Heavy Industries & Construction entered the energy storage and microgrid market in September 2015 when it won a contract to supply a 2.4 MW storage solution to the Korea Power Exchange.