Imergy’s Vanadium Flow Battery Aims to Compete with Lithium and Lead-Acid at Grid-Scale

Imergy Power Systems just introduced its third generation vanadium flow battery, claiming it offers a low-cost, high-performance energy storage solution for large-scale applications, including peak demand management, frequency regulation and the integration of intermittent renewable energy sources. 

The ESP250 has an output power capability of 250 kilowatts and 1 megawatt of energy storage capacity. It’s suited for both short- and long-duration storage, with available energy ranging from two to twelve hours of output duration. The 40-foot batteries (each about the size of two shipping containers) are designed to be deployed individually or linked together for larger-scale projects.

“Most folks will concentrate on the bigger systems because of the economics,” said Hennessy, in an interview. “We’ve been able to go to the low-end platform and compete almost on the commodity market with the lead acid batteries and lithiums. Now on the larger-scale, which is our latest release, we’re able to leverage economies of scale.”

Imergy (formerly Deeya Energy) started out in the telecommunications space in India where its 5 kilowatt modules were used to displace remote diesel generators. After some rebranding, the company made a strong push into the commercial and industrial energy storage market last year with the launch of the ESP30 (30-50 kilowatts).

Other companies making vanadium flow batteries include China’s Rongke Power, Germany’s Gildemeister and Japan’s Sumitomo. Hennessy claims Imergy’s technology is one-third the cost of its competitors because its unique electrolyte.

Imergy has benefitted from licensing research at the Department of Energy’s Pacific Northwest National laboratory (PNNL), which developed a new vanadium electrolyte that could improve energy density by more than 70 percent. Two other American companies, Washington-based UniEnergy Technologies and the Massachusetts-based startup WattJoule have also licensed PNNL technology.

Where Imergy has been able to edge out its competitors is on material cost. Vanadium is abundant but expensive to extract from the ground. Imergy has developed a unique chemistry that allows it to use cheaper, recycled resources of vanadium from mining slag, fly ash and other environmental waste.

With this chemistry, the levelized cost of energy for Imergy’s batteries is less than half of any battery on the market right now, said Hennessy. Vanadium flow batteries are orders of magnitude cheaper than lithium ion batteries on a lifetime basis because they can be 100 percent cycled for unlimited number of times, whereas lithium ion batteries wear down with use, according to the firm. Despite the compelling cost claims from Imergy, lithium ion has been the predominant energy storage technology being deployed at this early point of the market. And very few flow batteries are currently providing grid services.

Imergy’s capital costs are lower than every other battery technology except lead acid, he added. But he believes the company can hit that mark (roughly $200 per kilowatt hour) by the end of the year by outsourcing contracts to manufacturing powerhouse FoxConn Technology Group in China. Delivery of the ESP250 is targeted for summer of 2015.

At this price Imergy says the ESP250 offers an affordable alternative to peaker plants and can help utilities avoid investing more capital in the grid. Some might disagree with the claim that grid-scale storage can compete with fast-start turbines and natural gas prices below $3 per million Btu. But according to Hennessy, it all comes down to the application. Batteries can’t compete with gas at the 50-megawatt scale, but they can compete with gas at the distribution level.

“Batteries that are distributed have a huge advantage over gas, because when you by gas down at the low end you’re paying a lot more than $3 to $4 dollars per MMBtu, because you’ve got to pay for all the transmission down to the small end,” he said.

Demand for cost-effective energy storage is growing as intermittent renewables become cheaper and come online in higher volumes. GTM Research anticipates the solar plus storage market to grow from  $42 million in 2014 to more than $1 billion by 2018.

Imergy sees a ripe market in the Caribbean, parts of Africa and India, Hawaii and other places where the LCOE for solar plus storage is already competitive. As costs continue to fall, New York, California and Texas will also become attractive markets.

via Greentech Media: Headlines

Categories: Recently Read, Saved for Later

%d bloggers like this: