Imergy partnership news due “before Christmas”

Vanadium redox flow battery company Imergy will make a major strategic partnership announcement this year. Photo credit: Imergy Power Systems

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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ViZn goes for flow battery growth

Redox flow battery company ViZn Energy Systems has announced a major production deal with Jabil Circuit that could see zinc-iron overtaking vanadium flow batteries.

Redox flow battery company ViZn Energy Systems has announced a major production deal with Jabil Circuit that could see zinc-iron overtaking vanadium flow batteries.

By Jason Deign

Redox flow battery manufacturer ViZn Energy Systems yesterday announced a deal with Jabil Circuit that could see production increasing to 80MW per year in 2016.

The manufacturing partnership should enable ViZn to fulfil in excess of 21MWh of “planned installations in hand,” Ron Van Dell, president and CEO, told Energy Storage Report.

ViZn currently has little more than 1MWh of installed systems in North America and Europe.

However, said Van Dell: “Our flow battery is capable of scaling to tens of megawatts, which makes it ideal for large-scale applications.

“As a result, both utility customers as well as commercial and industrial customers are particularly interested in ViZn’s product.”
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Your five top stories of 2014

Energy Storage Report 2014 review: battery prices, distributed energy storage, the Alstom takeover, vanadium redox flow batteries and energy return on investment. Photo credit: Animam for Energy Storage Report

Energy Storage Report 2014 review: battery prices, distributed energy storage, the Alstom takeover, vanadium redox flow batteries and energy return on investment. Photo credit: Animam for Energy Storage Report

It’s already dimming in the memory. But before 2014 fades out of sight completely, let’s remember this was an important 12 months for energy storage.There was plenty of the usual hype, of course, but also a real sense that energy storage was being taken seriously at last… and some pretty big stories. Of all our headlines over the last 12 months, these are the ones that you were most keen to read.

1. Why you might want to give up this year’s profit

In January we reported on how a handful of battery makers could force an industry showdown by taking a long-term bet on market dominance and lowering prices. And if they did not, there was a good chance automakers might force price reductions anyway.

Our prediction was that the battery market was reaching a tipping point similar to that seen a few years ago in the photovoltaic (PV) solar sector, where one or two players could trigger a wave of consolidation by launching cut-price products.
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Nuclear bomb hits Areva’s flow battery programme

The Areva energy storage programme, including the Areva Schneider Electric flow battery project, is in doubt following the company's profit warning and share price meltdown. Photo credit: FlowBox, KIC-InnoEnergy

The Areva energy storage programme, including the Areva Schneider Electric flow battery project, is in doubt following a profit warning and share price meltdown. Photo credit: FlowBox, KIC-InnoEnergy

The future of a major flow battery initiative appears in doubt after news emerged yesterday of financial troubles at Areva, the French energy giant.

The company, which in October signed an energy storage cooperation agreement with Schneider Electric, announced yesterday afternoon it was suspending its financial outlook for 2015 and 2016 because of problems with its nuclear reactor business.

Areva is currently in a legal wrangle with Teollisuuden Voima Oyj (TVO), a Finnish nuclear power company, over the construction of a new European Pressurized Reactor (EPR) at Olkiluoto in Western Finland.

The project has been subject to major cost and schedule over-runs, with both parties blaming the other for causing the problems. Yesterday Areva and its Olkiluoto consortium partner Siemens updated an ongoing claim against TVO, to €3.4bn.

Until the matter is resolved there can be little certainty over when Areva will be paid.

Meanwhile the company is also awaiting the renewal of nuclear operations in Japan, other new reactor projects, recycling export contracts and an uptick in “the still lacklustre market for installed base services,” according to yesterday’s press release.
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Redox flow batteries for energy storage

Flow batteries: the market, companies and projects, from vanadium redox battery technology to zinc bromide, iron chromium, zinc iron and beyond. Photo credit: Sumitomo Electric

Flow batteries: the market, companies and projects, from vanadium redox battery technology to zinc bromide, iron chromium, zinc iron and beyond. Photo: Sumitomo Electric

The quest continues for reliable grid-scale energy storage that does not involve huge civil engineering projects.

Current bets are on shipping containers full of lithium-ion batteries (courtesy, no doubt, of the gigafactories predicted to be springing up all over the US in the next few years) as last year’s excitement over compressed air energy storage has now, well, deflated.

There is another technology that shows some promise, however. Redox flow batteries may not yet be ubiquitous, but they are making a global impact, are attracting investment and do seem to work.

So let’s start with a brief roundup of some of the larger projects currently in operation.
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Energy storage news: 30.04.14

PNNL has released a video demonstrating two novel approaches to vanadium redox flow battery storage. Photo courtesy: Pacific Northwest National Laboratory

PNNL has released a video of two novel approaches to vanadium redox flow battery energy storage. Photo courtesy: Pacific Northwest National Laboratory

The main energy storage news stories from our Twitter feed this week.

  • LightSail, the compressed air energy storage company funded by Khosla and Bill Gates, has made about 15% of its staff redundant.

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Energy storage news: 05.03.14

American Vanadium and Gildemeister are supplying a Cellcube vanadium redox flow battery storage system to the US Department of Energy’s National Renewable Energy Laboratory in Colorado.

American Vanadium and Gildemeister are supplying a Cellcube vanadium redox flow battery storage system to the US Department of Energy’s National Renewable Energy Laboratory in Colorado. Photo credit: Gildemeister Energy Solutions

The main energy storage news from our Twitter feed this week.

  • Further details have been released about the planned Tesla Gigafactory. Forbes analyses its potential impact on the battery, auto and utility industries.
  • The Rocky Mountain Institute believes that commercial and residential solar energy storage systems are a “real, near and present threat” to current utility business models and that parts of the US will be able to leave the grid entirely by 2030.

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Energy storage news: 04.12.13

Bill Watkins, formerly at Seagate, has been named CEO of ‪Imergy Power Systems, the vanadium redox flow battery energy storage startup based in California and previously known as Deeya Energy. Photo credit: Jim Merithew/Wired.com

Bill Watkins, formerly at Seagate, is now CEO of ‪Imergy Power Systems, the vanadium redox flow battery energy storage company previously called Deeya Energy. Photo: Jim Merithew/Wired.com

The major energy storage news from our Twitter feed this week.

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