Kibo Energy of Ireland and Austria’s CellCube have signed a five-year framework agreement for 1GW-plus of flow batteries in Southern Africa.
Kibo said in a statement the agreement is to develop and deploy CellCube-based long-duration energy storage (LDES) solutions in selected target sectors.
Under the agreement, Kibo gains conditional exclusive rights to the marketing, sales, configuration and delivery of CellCube’s vanadium redox flow batteries. This is for the development of its LDES solutions in microgrid applications behind the meter. For any utility-scale projects, the parties will work on a non-exclusive basis.
Kibo intends to develop an order pipeline with firm annual commitments from its already existing project pipeline of up to 21,200 installations, from small-scale 40kWh to larger 2,000kWh systems per installation. Target sectors are ICT towers, gated communities, shopping centres and commercial parks.
The companies will also review an already identified bespoke renewable energy microgrid project pipeline.
Specified projects are to be ordered by 30 June, 2022.
