Jul 1 2013
Altairnano today announced it entered into an agreement with TAURON Dystrybucja S.A. (TAURON) to jointly determine the necessary infrastructure needs for stationary energy storage systems based on lithium titanate batteries, and for the construction of power and frequency stabilization systems in Poland. TAURON is a subsidiary of TAURON Polska Energia S.A., Poland's second largest energy company.
The companies signed a memorandum of understanding (MOU) that defines the initial analysis needed to determine the best structure and scope of a pilot demonstration system. Both companies believe this initial phase could be completed by the end of 2013. Key goals of the next phase pilot project, which would be to deploy and test an Altairnano ALTI-ESS ADVANTAGE system, could include the development of ancillary services for the grid, the storage of electricity in off-peak hours, especially from renewable sources of energy, and grid stabilization.
"We are excited to be working with TAURON to develop a program that will help meet their growing needs to improve grid performance and more efficiently incorporate new renewable energy generation into their delivery systems," said Alexander Lee, CEO of Altairnano. "This pilot program will further demonstrate how our patented nano-lithium-titanate technology is ideally suited for high-power grid applications because of its ability to rapidly charge, store and discharge energy back into the grid. We are also eager to bring the benefits of our ALTI-ESS ADVANTAGE system to Europe."
"As Poland and the EU continue to move towards generating and providing cleaner electric power, advanced technologies especially for stationary energy storage and frequency regulation will be critical to meeting those objectives," said Dariusz Lubera, CEO of TAURON Polska Energia S.A.
"We are looking forward to collaborating with Altairnano to explore how its unique energy storage systems can integrate and deliver the level of grid stabilization necessary to improve the quality of the grid in Poland," said Piotr Kolodziej, CEO of TAURON Dystrybucja S.A.
Press release avilable from http://www.marketwire.com/
Source: http://www.altairnano.com