CellCube Energy Storage Systems Inc. reported that Hive Energy, Immersa Ltd., and CellCube have established a consortium to jointly build and develop solar & storage projects at a grid scale level to deliver green peaking power and reserve power capacity.
Recently the UK government announced the derating of solar and short duration storage, which has created opportunities for long-duration batteries.
Hive Energy, Immersa Ltd., and CellCube have determined that a combined long- duration storage with solar is the most competitive and commercially attractive solution under current UK regulation.
While Hive Energy builds large solar plants at their own grid-connected sites, Immersa Ltd. will deploy the new generation of CellCube’s long-duration Vanadium Redox Flow Batteries allowing for the flexible availability of stored energy throughout the day.
“We are delighted to see long duration storage becoming available at competitive costs”, Hugh Brennan, MD of Hive Energy explains, “this allows us to offer a reliable renewable energy supply to the market”.
“[This] predictable power generation not only offer services at an attractive price to the balancing market but can also enter the short term operating reserve or STOR market which allows access to sources of extra power. The goal is to replace conventional generation with green peaker plants thereby reducing CO2 emissions significantly,” Robert Miles, CEO & Director of Immersa said.
New Offering Uses CellCubes Redox-Flow Batteries
This new offering will be driven by the CellCube’s recently announced new generation of Vanadium Redox-Flow Batteries.
“With our new power overrating capabilities, we can operate our system in a highly flexible way and at more than 4 charging and discharging cycles per day”, Alexander Schoenfeldt, MD and COO from CellCube’s subsidiary Enerox said. “In combination with the general advantage of full In combination with the general advantage of full state of charge or SOC level usage, which means the system does not lose its charge over time so there is no system overbuild needed and no risk of affecting warranties or degrading the capacity.”
HICC Energy Ltd. was founded April 17, 2019 by Hive Energy to bring their joint portfolio of projects to market. Hive Energy says HICC Energy will be a special vehicle for the development projects and will be financed through third-party project financing or from grants offered for renewable projects.
HICC says that it will purchase the needed products and services from the partner companies and any additional terms will be determined on a per-project basis.
Immersa is a newly launched business that provides solution and technology-based environmental consulting, based upon detailed analysis of optimum energy storage strategies.
Together, these companies are currently developing the first site for going live later in the year, and they are open to evaluate additional sites.
“I am excited that we are bringing these new features to the market and setting the new benchmark in Flow technology allowing CellCube to offer real energy-centric storage while outperforming lowest levelized costs previously not available in battery energy storage when supporting use cases with 2 or more equivalent cycles per day,” Stefan Schauss, CEO of CellCube, added.