With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc. Mr. Smeenk discusses recent conversation with Noront Resources after proposed acquisition of Cliffs Chromite was announced.
Electrovaya Delivers 1.5 MWh Lithium Ion Battery-Based Energy Storage System to Arizona Public Service Company
Energy Storage Enables Intermittent Renewable Energy for Grid Applications Toronto, Ontario – February 23, 2012 – Electrovaya Inc. (TSX: EFL) today announced that it has delivered a 1.5MWh capacity Lithium Ion SuperPolymer® Battery Energy Storage System (“BESS”) to Arizona Public Service Company, that state’s largest electric utility. The BESS will be providing energy storage for a pilot program to study ways to optimize the integration of renewable energy sources to the grid. Electrovaya has partnered with ABB, a leading global power and automation technology company, to provide the power conditioning and conversion equipment for the battery energy storage system. A video of the energy storage system can be found on YouTube at (http://www.youtube.com/watch?v=zNMclgXUUqw&feature=youtu.be). “This system is possibly the world’s largest Lithium Ion battery in a single container” commented Dr. Raj Das Gupta, Electrovaya’s General Manager, Energy Storage Systems. “Working with major utilities represents a tremendous opportunity for us in the rapidly growing grid energy storage market, and validates the importance of our advanced battery technology and unique toxic chemical-free manufacturing process.” Energy Storage with lithium batteries is highly energy-efficient and stores energy from intermittent generating sources such as wind and solar and makes it available to electricity users at Peak Power or on demand. “ABB is excited to work with Electrovaya on this important grid battery energy storage project. Electrovaya and ABB will be working closely together on this and other opportunities, as we meet the growing demand for clean energy via safe and reliable technology,” added Pat Hayes, ABB Account Manager of Energy Storage Systems. “APS is pleased to be working with Electrovaya to pilot energy storage technologies,” says APS Energy Storage Project Manager Joe Wilhelm. “Energy storage can help us integrate more renewable energy onto our system. With energy storage, we can store solar energy during the day and dispatch it in the evening, when it provides the greatest benefit to our customers.”