MENU

Swiss startup targets 30 percent energy waste reduction

Business news |
By eeNews Europe

The Swiss energy servie provider is opening a 3.5 million sq. ft. manufacturing plant in North Carolina, USA which will create 2,500 jobs.  The plant will be used to for the building of GridBanks which when combined with advanced analytics, claims to be capable of cutting electricity waste in existing fossil-fuel generation while enabling full use to be made of wind, solar and other renewable energy sources.

Alevo will provide energy services to energy utilities worldwide through the installation of GridBanks, shipping containers of Alevo batteries that can deliver 2 MW of power. When combined with the advanced Alevo Analytics, the GridBanks can be used to optimize entire grids in real time to eliminate up to 30% energy currently lost through inefficiencies and power waste. Core to Alevo’s ability to deliver these energy services is a breakthrough battery technology that is completely non-flammable, and can be charged and discharged with no resting period over 40,000 times (proven in a test environment), reducing the lifetime cost of utility-grade batteries.

The company paid $68.5 million for a former cigarette factory in Concord, North Carolina and is scheduled to begin production in 2015.

“Using a combination of Alevo’s battery and data analytics technologies we have the ability to cut the huge levels of waste experienced in today’s electrical grids”, said Jostein Eikeland, Chairman & CEO, Alevo Group. “What this means in practice is lower costs to the utilities, smaller bills for the consumer and a reduction in greenhouse gases per megawatt that will help cost-effective coal-fired generation achieve the EPA Clean Power limits.”

The North Carolina facility will enable the production of up to 480 GridBanks in the first year of production.

Since 2004 Alevo’s investment in the comany’s combined research and development, together with the acquisition and fit-out of the manufacturing supply chain, represents a start-up investment of over $1 billion that has been met through private investments and equity funds.

Alevo has also revealed to national level contracts: China-ZK and RBM in Turkey. Alevo and China-ZK, a 51% private funded body that coordinates energy infrastructure in China, have signed a Strategic Agreement to promote and commercialize Alevo’s technology products and services in China. Meanwhile, in Turkey, Alevo with TSG has signed a joint venture distribution partnership deal.

Under the terms of the deal the Turkish joint venture will carry out the purchase, sale and leasing to state-owned and private companies under service contracts and manufacturing of Alevo’s containerized GridBanks energy storage solution and place these in services in Turkey under service contracts.

Mehmet Celebi, founding partner of RBM said: "Turkey has the second highest population in Europe and one of the fastest growing economies in the entire region. It could be argued that the greatest challenge to economic growth is high energy costs, to include power generation and distribution. RBM, along with our partner TSG, has chosen to utilize Alevo’s GridBank technology to considerably reduce the cost and improve the delivery of electricity throughout Turkey.”

Related articles:

www.alevo.com

News articles:

Megawatt-scale Li-ion ESS supports world’s largest PV-diesel power plant

Graphene aerogels promise enhanced energy storage performance

Open Smart Grid Protocol (OSGP) for grid technologies approved


Share:

Linked Articles
eeNews Power
10s