Electrovaya Receives Purchase Order For Lithium Ion SuperPolymer 2.0 Systems For Smart Grid Project In The UK
Electrovaya won a competitive bid contract from Scottish and Southern Energy Power Distribution (SSEPD) for a distributed energy storage project. This marks Electrovaya's first major energy storage project in Europe and further strengthens the company's smart grid product portfolio.
Electrovaya Inc. (TSX: EFL) announced that it has received a purchase order from Scottish and Southern Energy Power Distribution (SSEPD) for a major distributed energy storage project. The project will lead to the installation of 25 distributed and independent energy storage systems in a single UK town. The systems will be composed of Electrovaya's latest SuperPolymer 2.0 technology and will feature substantial smart grid capabilities. The systems will range in energy capacity from 12.5kWh to over 80kWh.
"We are very excited about the project with SSEPD. Not only does it reflect Electrovaya's leadership in advanced grid connected energy storage technology, but the project will lead to the development of substantial smart grid capabilities for Electrovaya's systems," says Dr. Rajshekar DasGupta, VP Business Development. "Furthermore, this will be Electrovaya's first major utility storage project in Europe. European utilities are gaining interest in energy storage and they have the highest penetration of renewables in the world, thereby placing Electrovaya in a prime position for follow up projects in the region."
"SSEPD is pleased to be working with a proven energy storage manufacturer and believe their experience in grid connected and mobile storage will allow us to successfully explore the role of Energy Storage and Management Units in supporting the energy needs of our customers as we move towards a low carbon economy." said Nigel Bessant, Project Delivery Manager with SSEPD.
All the Electrovaya systems are expected to be delivered to SSEPD by mid 2014. The current energy storage project is part of the Thames Valley Vision (TVV) project, a SSEPD project in partnership with other local, national and international businesses. The TVV is a £30M project and is part of a £500M program funded by the Low Carbon Network Fund (LCNF) run by Ofgem, the UK energy regulator.
SOURCE: Electrovaya Inc.