EnerVenue signed its first main distribution settlement with Hong Kong’s Towngas. The deal will pilot the corporate’s nickel-hydrogen battery know-how and function an audition for future offers to come back.
From pv magazine USA
EnerVenue, a nickel-hydrogen battery startup that launched at the height of the Covid-19 pandemic final summer time, has signed a distribution settlement with Towngas, Hong Kong’s first public utility and one of many largest power suppliers in larger China.
Simply after the corporate’s launch, CEO Jorg Heinmann outlined how discovering massive, anchor prospects like Towngas shortly could be paramount to the corporate’s success. With this primary main objective realized, pv journal invited Heinmann to debate how his California-based firm has advanced in its first 12 months.
“We all know the know-how works,” he stated, including that a lot of the underlying tech threat has been addressed. Engineering and operational challenges stay to be overcome with a purpose to scale up manufacturing, “however we’re method out of the ‘science undertaking’ mode,” he stated,
A part of the science undertaking was discovering a technique to lower battery prices. Nickel-hydrogen has confirmed to be a robust power storage know-how for the aerospace business for fairly a while, however has at all times been held again from larger industrial use attributable to its excessive worth.
Discovering new supplies to substitute for extra expensive conventional elements was a breakthrough for EnerVenue, based on Heinmann. The most expensive element to get replaced was platinum.
When theorizing about what costly elements may very well be changed, Heinmann and the staff anticipated to register a success in battery efficiency. However the reverse has confirmed true, and Heinmann asserted that not solely do the newly designed batteries carry out considerably higher than earlier variations, however they’re being manufactured with “magnitudes” of price discount per battery.
Price discount and anchor prospects like Towngas type the 2 prongs that Heinmann believes will assist EnerVenue to beat its greatest impediment: the benefit of incumbent lithium-ion batteries. Though Heinmann declined to get into buyer specifics, he stated that the corporate is engaged on quite a lot of tasks to exhibit their batteries on a big scale, in addition to hammering out agreements for extra anchor prospects.
The Towngas deal represents a vote of confidence not simply in nickel-hydrogen battery know-how, however in EnerVenue as an organization capable of present efficient and cost-competitive storage options. It’s a confidence that Heinmann stated he hopes will probably be acknowledged by different potential anchor prospects that EnerVenue is pursuing.
As for assembly the product demand these massive prospects will carry, Heinmann stated he’s assured in his know-how’s capability to scale.
“It’s designed for super-easy manufacturing and super-easy meeting,” Heinmann stated. Expectations are that the manufacturing, tooling, and capital expenditure price will probably be about one-fifth of that for equal lithium-ion capability.
Heinmann credit the dimensions of the associated fee discount to the simplicity of the battery itself, referring to it as a “stack of electrodes.” The design additionally makes potential options EnerVenue believes will give it an edge over lithium-ion in the long term: a 30,000+ cycle with out degradation lifespan, an optimum working temperature vary from -40° to 60°C (-40 to 140°F), no fireplace or thermal runaway threat, no poisonous supplies, and simple recycling on the finish of the battery’s life.
“We discovered an enormous variety of methods to get price out of this factor, and that’s all engineering price discount,” stated Heinmann. “That offers us big confidence in reaching our marketing strategy and scaling quick.”
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