TROES CORP.
Wins Investors Pitching Competition
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ROES is an acronym for “The Revolution of Energy Storage,” and they expect that their technology and market development will be the testimony for the revolution of Energy Storage. The company was founded by Vienna Zhou, a technology and investment consultant. Zhou created the firm V Tech specializing in the Cleantech and Renewable Energy industry. By collecting a wide scope of clients, including renewable project developers, project investors and end users such as government offices, the company accumulated rich technology insights as well as ecosystem resources during its years of operation. After a comprehensive study of industrial trends and market needs, the timing was right and the VTech entered the Energy Storage industry through the creation of TROES. TROES has gone on to develop, design and manufacture safe, long-lasting, cloud-based BESS’s focusing on the Commercial, Industrial and Micro-Grid market segments. Although everyone is familiar with the concept and usage of the “Battery”, the majority of the applications and benefits of the large-sized BESS’s are still unknown; and there are many! Some examples of major benefits are: bill reduction (Peak shaving), comfortability and resiliency (self-supply and power backup), electricity cost reduction (Community Micro-
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Markham VOICE Winter 2020
Grid), decrease of capital expenditure and reduction of utility infrastructure upgrade cost (Non-Wires Alternative), power grid congestion alleviation, peak shifting, voltage adjustment and power quality (Electricity Quality Management). It all sounds complicated but results on a lot of cost
reduction and better management of energy. With so many applications, TROES’ BESS’s contribute highly to the global and national energy saving initiatives and are environmentally friendly (Cleantech), being in full alignment with governmental policies and incentives. The global demand for more electricity nowadays includes the increasing interest in electric vehicles and the need for investment in electricity generation along with the
expansion of the transmission and distribution networks. All this, plus the rise of renewables and the global trends for Cleaner Energy as well as relevant government policies and incentives are some of the catalysts to the Energy Storage market growth. Demand for storage will remain strong for the next 5-10 years and beyond. According to Bloomberg NEF, the global additions to the BESS capacity from 2018 to 2050 will be 1,291GW, which is just part of the future electricity needs. In value, the global market is estimated to grow annually by 21% through 2025 - from USD 5 billion to 19 billion. TROES believes they are in the right industry, at the right time; an early-stage company with high growth potential. While still a start up their technology, customizable solutions and marketing positioning have received very strong response from the market and are scaling up very fast. The company has already deployed systems in Ontario and across Canada, with potential projects in the US, Mexico, Europe, China, SE Asia and Australia.
