Rolls-Royce: to provide 3 MTU to Arva for research
(CercleFinance.com) - Rolls-Royce announces that the Norwegian utility company Arva will use three Rolls-Royce MTU EnergyPack battery energy storage systems to study how a public power grid can be stabilised using electricity stored in batteries.
As part of this project, Rolls-Royce will supply three QL MTU EnergyPacks with a capacity of 4.25 MVA and 3.79 MWh to the Norwegian island of Senja. They will be used to smooth out voltage fluctuations in the cities of Husøy and Senjahopen, which are dominated by the energy-intensive fishing industry. Rolls-Royce will participate in the research project for five years and will provide maintenance for ten years under a long-term service contract (ValueCare Agreement).
The results of the research project are to be used to help improve security of supply throughout the Arva network.
Either for this reason or another, the Rolls Royce share is up a healthy 4% after lunch on Monday.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
As part of this project, Rolls-Royce will supply three QL MTU EnergyPacks with a capacity of 4.25 MVA and 3.79 MWh to the Norwegian island of Senja. They will be used to smooth out voltage fluctuations in the cities of Husøy and Senjahopen, which are dominated by the energy-intensive fishing industry. Rolls-Royce will participate in the research project for five years and will provide maintenance for ten years under a long-term service contract (ValueCare Agreement).
The results of the research project are to be used to help improve security of supply throughout the Arva network.
Either for this reason or another, the Rolls Royce share is up a healthy 4% after lunch on Monday.
Copyright (c) 2021 CercleFinance.com. All rights reserved.