Durapower Signs MoU with Consortium led by Sunseap To Start Building Cross-border Interconnect Clean Energy Project In Riau Islands

SINGAPORE,Oct. 27,2021 --Durapower,a global leader in performance lithium battery storage solutions,has signed a Memorandum of Understanding (MoU) led by Sunseap Group at the Asian Clean Energy Summit to explore and develop a combined capacity of 7 gigawatt-peak (GWp) of solar power systems combined with multiple Energy Storage Systems totaling more than 12 gigawatt-hours (GWhr)around Riau Islands.

Durapower Signs MoU With Sunseap Led Consortium at the Asia Clean Energy Summit 2021

The consortium include PT Mustika Combol Indah,PT Agung Sedayu,Sumitomo Corporation,Samsung C&T Corporation and Oriens Asset Management.

As part of the partnership,which takes the form of the MoU,Durapower will be jointly contributing towards the building of the 1 GW of non-intermittent low-carbon clean energy facilities for Singapore and Indonesia.

Says Kelvin Lim,Chief Executive Officer,Durapower: "This is potentially going to be one of the world's largest solar and ESS deployment,as well as one of themost monumental clean energyprojectsfor Singapore andIndonesia.We areexcited to be a part of this projectas it establishes both Singapore and Indonesia as a clean energy gatewaytowards the establishment of a regional grid across ASEAN."

Says Frank Phuan,Co-founder and Chief Executive Officer of Sunseap: "This is one of the most consequential clean energy projects for Singapore and Indonesia. Durapower's expertise as a clean energy systems integrator will bring more affordable low-carbon clean energy to both countries,thus establishing both Singapore and Batam as a clean energy gateway and hub in ASEAN and pave the way towards an ASEAN Green Power Grid."

This project will further strengthen Durapower as a leading energy storage developer in the clean and renewable energy sector. The organisation has also supplied advanced lithium-ion battery systems for hybrid-electric AGVs and E-mobility applications to European and Asian seaports and several marine vessel applications,along with Containerised Energy Storage Systems. Capitalising on its rapid growth and development,the ASEAN market has always been a focal point for the company,bolstered by the region and the world's green and clean aims of achieving carbon neutrality by 2050.

About Durapower

Headquartered in Singapore,Durapower (www.durapowerbattery.com) offers closed-loop,end-to-end energy storage solutions for the electric mobility and renewable energy applications including on and off-road Electric,Hybrid and Plug-in Hybrid Electric Vehicles,electric marine vessel and stationary energy storage solutions. Since 2009,Durapower has been a leading innovator of Lithium-Ion cell technology,focusing on the research and development of battery materials,of battery cell manufacturing and system integration. With a global presence spanning 20 countries and 45 cities,including European Countries,China,India and South East Asia. Durapower Group strives to make scalable,sustainable batteries that support the circular economy,empowering lives and transforming the future towards a carbon neutral economy.

About Sunseap Group

Sunseap Group is a solar energy system developer,owner and operator in Singapore,with over 2000 MegaWatt-peak (MWp) of solar energy projects contracted across Asia,on more than 3000 buildings in Singapore,including public housing estates,as well as commercial and industrial buildings.

Sunseap Group also operates in various countries in Southeast Asia,including Vietnam,Cambodia,mainland China,Taiwan,Japan,Thailand and Malaysia.