Swiss firm Alevo is gearing up to enter the Chinese market with its first shipments of its lithium-ion Gridbank technology.
Jeffrey Gates, vice president of global sales for Alevo, said the company is set to ship its 40-foot-long 2MW battery modules to China this Autumn and may announce a US deal shortly after.
GridBanks are designed to back up power plants, solar farms and wind farms and recapture 30 percent of the energy that’s normally wasted by the electric industry.
The company recently appointed Randell Johnson as Chief Analyst of Alevo, to head up its analytics team.
