With significant increases to energy capacity, density, and power—as well as improved monitoring intelligence and temperature performance—the new ESVs offer an even more advantageous stationary storage solution Contact online >>
With significant increases to energy capacity, density, and power—as well as improved monitoring intelligence and temperature performance—the new ESVs offer an even more advantageous stationary storage solution
FREMONT, Calif. – September 6, 2023 – EnerVenue, the first company to bring metal-hydrogen batteries capable of more than 30,000 cycles to the clean energy revolution, today announced the launch of the company''s next-generation Energy Storage Vessels™ (ESVs).
The newest version of EnerVenue''s batteries extends the solutions'' durability, operational flexibility, and cost-efficiency benefits for stationary storage projects across myriad use cases. The highlights of the new ESVs include the following improvements over the previous versions:
EnerVenue''s next-generation ESVs continue to deliver proven and demonstrable advantages over lithium-ion for grid-scale, commercial, and industrial deployments—with unique and unparalleled battery durability, safety, and operational flexibility. Next-generation ESVs have an ultra-long 30-year 30,000-cycle expected lifespan, and a projected 86% capacity after 30,000 full cycles. Because metal-hydrogen ESVs pose zero thermal runaway risk and no risk of fire propagation, deployments require no complex and costly fire suppression or robust HVAC systems.
The next-generation ESVs can flexibly cycle up to three times per day, at 2 to 12-hour discharge rates, enabling unique applications and business models for developers, integrators, and owners. Revenue stacking opportunities can also be maximized because of the solution''s applicability to so many clean energy use cases.
The next-generation ESVs are backed by EnerVenue''s Capacity Assurance™, the industry''s longest, simplest, and most straightforward extended warranty for stationary batteries, offering an unmatched 20-year/20,000 cycle warranty extension that guarantees at least 88% battery capacity remaining after that period.
Certifications and standards testing on the new ESVs is underway. The batteries will be produced at the company''s one-million-square-foot gigafactory in Shelby County, Kentucky, where the plant is being designed with manufacturing lines to support production at scale. Already backed by large-scale deals from Pine Gate Renewables, Nicon Industries'' Green Energy Renewable Solutions and others, volume manufacturing and the new design of EnerVenue''s next-generation ESVs are expected to significantly accelerate profitability for the company.
EnerVenue builds simple, safe, and cost-efficient energy storage solutions for the clean energy revolution. Based on technology proven over decades under the most extreme conditions, EnerVenue batteries are refined and scaled for large renewable energy integration applications.
The one-million-square-foot manufacturing facility will enable the fast-growing clean energy company to meet current and future demand for its unique, non-lithium-ion battery technology.
"Locating EnerVenue''s gigafactory in Kentucky is a win for the commonwealth," said Governor Andy Beshear. "Our leadership has prioritized bringing high-quality jobs to the region and this is yet another example of those efforts paying dividends."
"We are excited to welcome EnerVenue to Shelby County and look forward to the positive impact its gigafactory will have on our local economy," said Dan Ison, Shelby County Judge Executive. "With this facility, county residents will be afforded new, lucrative career opportunities."
EnerVenue continues to see accelerating demand for its unique solution for safe, durable, and versatile clean energy storage. The company has more than 7 GWh of customer commitments, including from Pine Gate Renewables, Nicon Industries'' Green Energy Renewable Solutions, and Sonnell Power Solutions, among others.
"As customer interest in EnerVenue''s storage technology soars, we''re excited to significantly scale battery production with our new state-of-the-art gigafactory in Shelby County," said Jorg Heinemann, CEO, EnerVenue. "Following a nationwide vetting process, Kentucky emerged as the ideal fit to build our new facility. The state and county governments were committed to bringing manufacturing and clean energy jobs to the region, and we look forward to working with them as we build out operations."
The gigafactory also continues to grow EnerVenue''s national footprint. The company recently expanded its operations in Fremont, California and secured long-term materials and equipment supply agreements with Precision Process and Precious Plate in Niagara Falls, New York.
EnerVenue recently launched the second generation of its large-format battery technology—Energy Storage Vessels™—that enable more scalable and customizable configurations. The company also backs its vessels with Capacity Assurance™, offering customers a straightforward 20-year/20,000-cycle warranty extension at 88%+ capacity.
EnerVenue builds simple, safe, and cost-efficient energy storage solutions for the clean energy revolution. Based on technology proven over decades under the most extreme conditions, EnerVenue batteries are refined and scaled for large renewable energy integration applications. The company is headquartered in Fremont, California.
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