3 Important Moves for Future Energy Technologies from YEO

YEO Technology, one of Turkey’s leading technology and engineering companies, has announced three significant agreements that will strengthen its activities in line with its 3D vision for energy (Digitalization, Decentralization, Decarbonization).

YEO unveiled these agreements at Turkey’s only solar energy and energy storage systems exhibition, Solar+Storage NX, which took place from August 31 to September 2. YEO, one of the most prominent participants in the exhibition that brought the industry together, explained its steps in the field of energy technologies as follows:

First Production for ISKEN Sugözü Thermal Power Plant

The first storage systems produced at YEO’s subsidiary Reap Battery’s factory in Tuzla, Istanbul, have started construction and will be used at ISKEN’s Sugözü Thermal Power Plant. The construction of a 21.2 MW hybrid solar power plant integrated with ISKEN’s Sugözü Thermal Power Plant was successfully completed and delivered. Now, YEO will produce a 12.5 MWh energy storage system at its 100% owned Reap Battery Factory, which will be used at the mentioned power plant. Thus, YEO will contribute to the goal of transforming ISKEN’s Sugözü Thermal Power Plant, one of Turkey’s largest thermal power plants with a capacity of 1360 MW, into an energy island.

“Battery Systems for Residential and Commercial Properties through YEO-Solitek Collaboration”

The systems produced through the partnership between YEO’s subsidiary in the energy storage systems field, Reap Battery, and the energy storage solutions company Solitek will be offered to residential, commercial, and industrial facilities. In this segment, it is expected that a market of 10 GWh will be formed in Turkey by 2030, and with this collaboration, Reap Battery will provide solutions for the energy storage needs of energy consumers in addition to energy grid applications.

Strengthening Digitalization with BrandIT

At the exhibition, YEO took the first step towards acquiring a 51% stake in BrandIT Engineering Software Trade Inc., which specializes in the Internet of Things (IoT), industrial production management systems, and smart machine management software, by signing a share transfer agreement. Through this partnership, YEO will develop unique solutions focusing on artificial intelligence, big data, and cloud-based energy efficiency, smart grid and plant management, and smart cities. BrandIT has successfully completed numerous projects using Industry 4.0 technologies with partnerships with Microsoft, Rockwell, and PTC since 2016. This partnership aims to create a strong synergy between YEO Technology’s experience in the energy and industrial sectors and BrandIT’s expertise in Industry 4.0 technologies.

Tolunay Yıldız, CEO of YEO Technology, who signed important agreements at the exhibition, spoke about these agreements as follows: “YEO, with a focus on 3D, meaning digitalization, decentralization, and decarbonization, will produce the latest solutions for storing energy generated from renewable energy sources in Turkey. We will accelerate our digitalization efforts by utilizing technology with machine learning and artificial intelligence to improve energy efficiency and sustainability. With these partnerships, we are committed to shaping the future of the energy sector. Our philosophy is ‘We Believe It’s Possible,’ and our goal is to preserve natural resources and leave a cleaner world for future generations through sustainable energy projects.”

YEO, one of Turkey’s leading technology and engineering companies, announced three important agreements signed at the Solar+Storage Next Generation (NX) Solar Energy and Energy Storage Exhibition.

YEO will install energy storage systems produced at the Reap Battery factory, which is under construction in Istanbul, at the ISKEN Sugözü thermal power plant, one of Turkey’s largest thermal power plants.

Through collaboration with Solitek, YEO will bring energy storage systems to residential and commercial properties.

Additionally, YEO will strengthen its efforts in digitalization in the energy sector through its agreement with BrandIT, taking the first step towards acquiring a majority stake by signing a share transfer agreement.