New Delhi: Taiwanese company Gogoro has partnered with Enel X, an energy services provider, to integrate its battery swapping stations, known as GoStations, into Enel X’s Virtual Power Plant (VPP). The move is aimed at providing a more stable electrical grid while creating a new revenue stream for Gogoro outside of mobility.
The partnership builds on a pilot project completed in 2022, where ten GoStations were integrated into Enel X’s VPP. The success of the pilot has led to the formal partnership, with nearly 1,300 GoStations across more than 500 locations already converted into VPP nodes this month. The companies aim to get to 2,500 GoStations across 1,000 locations by mid-year.
The battery swapping stations collectively hold nearly 2 gigawatt hours, with the 2,500 GoStations that will be part of the Enel X integration having a battery capacity of about 150 megawatt hours. Enel X is providing power back to Taiwan Power Company, Taiwan’s public electric utility, as the state aims to reach net-zero emissions by 2050.
By being part of Enel X’s VPP, Gogoro provides a reliable and affordable energy source to the grid while ensuring a more stable grid. The company also gains a new revenue stream outside of mobility. Enel X either pays Gogoro outright or gives the company discounts for energy it sells back to the network or when it pauses energy at its stations.
Gogoro’s CEO and founder, Horace Luke, said the partnership creates a new Gogoro revenue stream beyond mobility, and it is the first time this technology has been deployed in this way in the world. Taiwan aims to implement its energy transition by improving energy system resilience, and this partnership is an excellent step towards that goal.
In conclusion, the partnership between Gogoro and Enel X is a significant development in Taiwan’s transition to clean energy. The integration of Gogoro’s battery swapping stations into Enel X’s VPP not only provides a reliable and affordable energy source to the grid but also creates a new revenue stream for Gogoro. This partnership is an excellent example of how companies can work together to address climate change while also creating new business opportunities.