Inc. (NASDAQ: ALTI) announced today that its one megawatt (MW), 250 kilowatt-hour
battery storage system met requirements to participate in the PJM Regional Transmission
Organization (RTO) control area. This milestone marks the first commercial acceptance
of an advanced Lithium-Titanate battery to provide grid regulation services
in one of the largest electricity markets in the US.
Altairnano is a leading provider of advanced materials and products for power
and energy systems. The company has a joint development agreement with AES Energy
Storage LLC, a subsidiary of The AES Corporation (NYSE: AES), to develop grid-scale
energy storage applications.
PJM Interconnection is a regional transmission organization (RTO) that coordinates
the movement of wholesale electricity in 13 states and the District of Columbia,
serving approximately 51 million people.
"Our advanced Lithium-Titanate battery technology will play an integral
role in addressing the utility power market's need for environmentally friendly
and energy efficient solutions," said Terry Copeland, President and CEO
for Altairnano. "This will create a more resilient grid, allowing for increased
adoption of renewable generating resources, such as solar and wind."
AES Energy Storage LLC completed the standard acceptance testing for regulation
service within the PJM service territory earlier this week. The tests were completed
by a one MW energy storage unit incorporating Altairnano's advanced Lithium-Titanate
cells. This unit was part of an earlier AES technology validation effort in
Indiana. The unit is now available for commercial operation as a qualified market
participant for regulation service by AES Energy Storage.
"Open power markets, like the PJM Interconnection, value grid stability
services and encourage the deployment of technologies to efficiently serve these
needs," said Chris Shelton, President of AES Energy Storage LLC. "By
completing the requirements to compete in the PJM Regional Transmission Organization,
we are enabling energy storage technologies that can help to make the electric
grid smarter and more responsive today."
AES is working with industry leaders to selectively deploy energy storage solutions
to improve the capacity and efficiency of its existing thermal, renewable, and
distribution facilities. AES is one of the world's largest global power companies,
with operations in 29 countries, including a platform of more than 120 power
facilities and 12 million distribution customers.