CellCube Storage Systems Inc. (“CellCube” or the “Company”) (CSE: CUBE) (OTCQB: CECBF) (Frankfurt: 01X) (WKN: A2JMGP) is pleased to announce the sale of a modular energy storage system (“FB Modular”) to a French multi-national green energy developer for their internal technology proof of concept.
CellCube’s FB Modular will be deployed in the south of France near the city of Montpellier. The system will be collocated to a large-scale solar park and will provide multiple value streams for power delivery into the grid system. The company will additionally perform application testing for grid scale support services like primary control and several grid balancing features.
“Vanadium flow batteries with their long useful life time of more than 30 years is ideally suited to take on the role of balancing peak power and at the same time provide flexibility in the grid system, which rivals conventional power generation at grid demand needs. By 2025 many electricity grids will experience a massive increase in the power generation coming from renewable power sources. As the intermittence of those wind and solar assets increasingly requires a baseload power quality, long duration storage will be the choice for collocation and combination into dispatchable power to the grid during peak demand times,” states Stefan Schauss, President CellCube Energy Storage Systems Inc. “In this future, Vanadium Redox Flow Battery based energy storage systems are estimated as the clear favorite due to the combination of the benefits of batteries together with longevity of a traditional power infrastructure component.”
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