BUSINESS

GE launches innovative energy storage platform called ‘The Reservoir’

JEDDAH — With a commitment to deliver cleaner, more reliable power where and when it’s needed most, GE has launched the GE Reservoir - a comprehensive energy storage platform that delivers a suite of customized storage solutions to help customers address new challenges and seek new opportunities in a rapidly transforming power grid that is becoming more highly diversified and distributed. The Reservoir is an ideal fit for Saudi Arabia, where renewable energy, especially solar power, is becoming an increasingly significant part of the energy mix, The Reservoir expands GE’s 10-year footprint in the energy storage space and builds upon recent successes and milestones. The Reservoir already has a 20 megawatts (MW), 80 megawatt hours (MWh) pre-launch commitment. Last year, GE introduced the world’s first hybrid-electric gas turbine to multiple accolades across the industry. GE was the first-to-market with advanced applications for hybrid electric-gas turbines, wind hybrids and “Black Start” capabilities. Recently, GE also announced a new project with the Arenko Group to build one of the world’s largest energy storage systems in the UK. — SG