CellCube signs deal for 100-MW energy storage project in US
TORONTO — CellCube Energy Storage Systems Inc. has signed an agreement with a US-based energy asset development company to develop up to 100 megawatt (MW) of energy storage systems for deployment throughout the US.
Financial details and the name of the customer were not provided.
The Toronto-based supplier of energy storage systems said the market it’s entering enables offtake agreement resources for independent system and regional transmission operators through product and service deliveries into scheduled projects and will be deployed over a period of the next 24 to 36 months.
“The company is signaling a long awaited milestone for deployments of energy storage systems in new capacity driven market applications based on the vanadium redox flow technology,” said Stefan Schauss, president of CellCube. “CellCube is moving into focus for grid capacity applications and these projects position the company to become a reliable partner in energy storage as grid capacity.”
The company will develop projects to deploy CellCube energy storage systems. They’ll be placed as stand alone plants or collocated with solar to offer power market-traded energy supply and ancillary services.
CellCube develops, manufactures, and markets energy storage systems based on vanadium redox
The information contained in this article and provided by VanadiumCorp is sourced from third-party content in the public domain and is for general information purposes only, with no representation, guarantees of completeness, warranty of any kind, express or implied regarding the accuracy, adequacy, validity, availability, completeness, usefulness or timeliness of any information contained within. Please also excuse any syntax as authors and reposted articles are sourced from global origins. UNDER NO CIRCUMSTANCE SHALL WE HAVE LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THIS REPOSTED ARTICLE. THE USE OF THIS ARTICLE AND YOUR RELIANCE ON ANY INFORMATION CONTAINED HEREIN IS SOLELY AT YOUR OWN RISK. VANADIUMCORP ALSO ASSUMES NO RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS IN THE CONTENT OF THIS ARTICLE.
Continue reading the full story here >>