Wed, October 20, 2021

business

B Grimm Power to enter growing independent power supply market


B Grimm Power has unveiled plans to enter the independent power supply (IPS) market, whereby companies produce electricity for their own use.

The IPS market has significant potential for expansion given large companies are seeking to lower their energy costs, said B Grim CEO Harald Link on Thursday. 
Mixed-use projects (shops, offices and residential) are currently looking to produce their own electricity to cut high energy costs, he added.
Link revealed he is in talks for electricity production projects with five or six clients, saying B Grim plans to begin investing in the market this year.
The company will leverage its expertise in energy equipment, air conditioners, construction materials, and solar and gas-generating electricity production, he said.
B Grimm said electricity production technology has advanced quickly and costs have fallen to a point where it envisages producing 20 to 30 megawatts for the IPS market.
The IPS venture will add to its existing operations in the small power producer (SPP) and rooftop solar energy markets.

Published : January 07, 2021

By : The Nation