Enel enter the market of Singapore. In particular, Enel's division for advanced energy services will support the national electricity market of Singapore (NEMS) to "improve the safety and overall efficiency of the system, as well as allowing savings for those who join it". The Italian group announced it in a note, specifying that, in Singapore, Enel X will work with global and local commercial and industrial customers.
“In addition to supporting the grid, Singaporean companies can be flexible in their use of energy and therefore gain a competitive advantage – he comments Francesco Venturini, CEO of Enel X – Thanks to innovative technology, participation in the Virtual Power Plant represents a growing opportunity that can offer a new source of income, offset retail electricity costs and enable investment in new technologies such as storage battery operated".
Demand response programs “encourage users to regulate their energy consumption to help them stabilize the grid when required by the system – continues the note – With the increase in energy demand and, in particular, the advent and development of electricity-intensive sectors, such as data centers, the importance of participation in the Singapore Virtual Power Plant is increasing more and more. In addition to industrial gas producers and data centers, sectors eligible to participate include technology companies, cold storage warehouses, food processing and manufacturing plants, water utilities as well as commercial buildings.
