Vanadium redox flow battery company Imergy will make a major strategic partnership announcement this year. Photo credit: Imergy Power Systems
By Jason Deign
Tim Hennessy, president of the vanadium redox flow battery developer Imergy Power Systems, has said his company is readying to make a major strategic partnership announcement before Christmas.
“There are some significant strategic opportunities that are in place,” he told Energy Storage Report, saying the un-named partnerships were “truly a good fit with multiple benefits in sales, bankability, supply chain, those kinds of things.”
Securing strategic partnerships is seen as an important step in improving the bankability of the company, which is continuing to seek investors alongside existing backers such as BlueRun Ventures and New Enterprise Associates.
“We’re always looking for investors. That’s one of the challenges for startups or early-stage companies and we need to get through that,” Hennessy said.
“Hence strategic partnerships are key because if you can focus on just going forward with good bankability capability then you get to the market much quicker and more effectively. We’re out there raising funds at the moment.”
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The Bosch energy storage solution in Braderup consists of a vanadium redox flow battery from Vanadis Power and a Sony lithium-ion battery store. Photo credit: Robert Bosch GmbH
Residents in blustery Braderup, Northern Germany, will be celebrating a Christmas with a difference this year. The energy to cook their Plätzchen will have been plucked from thin air… with help from a groundbreaking energy storage project.In July, the 670-or-so-strong community installed what is believed to be one of Europe’s biggest grid-scale lithium-ion (Li-ion) and vanadium redox flow battery systems to store excess wind energy.
The project, delivered by the German engineering and electronics giant Bosch, is said to have been prompted by a local farmer’s frustration at wind turbines overloading the grid and causing power cuts during gales on the North Frisian coast.
A group of 200 private investors from the community got together, as Braderup-Tinningstedt, to fund their own private wind farm, which installed six 3.3MW turbines at the end of 2013.
Braderup-Tinningstedt then formed Energiespeicher Nord, a joint venture with Bosch, to create the energy storage facility, one of the largest in Europe.
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The Scottish island of Gigha is to test a vanadium flow battery energy storage system from REDT, with giant batteries containing sulphuric acid and vanadium pentoxide, and UK government funding. Photo credit: Nick Hubbard
The energy storage news headlines from our Twitter feed over the last week.
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The VRB (Vanadium Redox Battery) Energy Storage System was developed by Prudent Energy and is capable of storing and delivering 600 kW for up to six hours, says the company.
The battery will be used by California’s Gills Onions to help take advantage of lower night-time electricity prices, as well as providing emergency energy back up.