March 27th, 2015
This week’s “Top 5” includes a strategic partnership between ABB and Samsung SDI for microgrid solutions, another one between LG Chem and Ideal Power also on microgrids, a large order for Imergy Power Systems, multiple large behind the meter storage projects in New Jersey and another partnership for Alevo.
System prices circulating in the storage sector are very different from one source to another and sometime confusing. Relying on its field expertise, Clean Horizon has decided to publish every semester a storage price range based on data points it gets from storage manufacturers and buyers.
Here is the first edition. Call us if you have questions!
1. ABB and Samsung SDI “have signed a Memorandum of Understanding to promote microgrid solutions globally. The two companies will establish a global commercial alliance to develop and market modular and scalable microgrid solutions, utilizing lithium-ion batteries for energy storage.”
2. Ideal Power and LG Chem have made a multi-year alliance to jointly sell LG Chem batteries and Ideal Power’s PCS “for commercial demand charge reduction and microgrid applications”.
3. Sun Edison will purchase 1000 batteries from Imergy Power Systems to couple with its solar panels. Imergy batteries are 30 kW/ 120 kWh vanadium redox flow batteries. These systems will be used for rural electrification in India.
4. “New Jersey’s Board of Public Utilities approved 13 behind-the-meter energy storage projects across the state to boost resiliency at critical facilities under its Renewable Electric Storage Incentive. The projects total nearly 9 megawatts [for a cost of $12.1mn]. Most of the awardees are schools, which often serve as shelters in emergencies.”
5. “Alevo Group, the Energy Service Provider, has formed a strategic partnership with SUPERB Industries Inc., a high volume producer of engineered plastic and metal components.” The partnership will help Alevo achieve faster production.