US energy storage firm Imergy Power Systems (Imergy) has been selected by Foresight Renewable Solutions to provide three of its flow batteries to a smart microgrid project in California, US.
The batteries will be deployed at the US Navy’s mobile utilities support equipment facility in Port Hueneme. The project, which focuses on developing applications and use-case scenarios to optimise power consumption at military bases, industrial parks and other institutions, is sponsored by the California Energy Commission (CEC).
Imergy’s ESP30 vanadium-based flow batteries have a capacity of 50kW and can store up to 200kWh of electricity. The battery is designed for peak shaving, demand response, energy shifting, renewable energy firming and back-up power. The battery costs $300/kWh and comes with a life cycle of 20 years.
The project will also feature a 50kW PV solar panel system and GELI’s Energy Operating System to automate the multiple applications.
“This Smart Grid project will pave the way for more secure energy solutions at mission critical military and other facilities,” said Imergy CEO Bill Watkins.
Worldwide revenue from energy storage for grid and ancillary services is expected to grow from $675m annually in 2014 to $15.6 billion in 2024, according to a report from Navigant Research.