The NHOA Energy battery installation is expected to store about 46 million kWh of electricity per year, potentially saving electricity up to RMB21.3 million (US$2.91 million) per year, according to the company. The system will also support the Guangdong Provincial Government’s energy storage development policy, resulting in special subsidies to be granted annually.

“In this critical time of global energy transition, the most important things to focus on are energy efficiency, renewable energies, and circularity. East, West, North, South, Europe and Asia are all integral parts of one Earth,” said Nelson Chang, chairman of TCC Group.

“We are proud to support with our project TCC and the Guangdong region in pursuing their carbon reduction goals. NHOA Energy’s proprietary energy management system (EMS) will optimise the generation and consumption profile of the industrial microgrid, while also supporting the regional grid towards its 100% green energy objective, taking the energy transition in the area one step forward in total accordance with NHOA Group’s and TCC’s shared mission of fostering a positive change for the future of our planet,” added Giuseppe Artizzu, CEO of NHOA Energy.

NHOA (New HOrizons Ahead) Energy is the battery and energy storage arm of NHOA Group, previously owned by French energy major Engie and acquired by TCC in 2021. NHOA is forecasting EBITDA for this year of between €5 million (US$5.27 million) and €10 million.

Earlier this year, NHOA set out plans for NHOA Energy to target 1.7GWh of deployment by 2025 – ten times what the company installed between 2015 and 2021.