Battery energy storage system firm Elecyr Corporation has appointed Michael Kelly as president of its new subsidiary focused on the residential energy storage market.
Based in Montego Bay, Jamaica, Kelly will oversee the new subsidiary Elecyr Carib Ltd, which will manufacture Elecyr’s patent-pending lithium iron phosphate ESSs for sale in Latin America and European storage markets.
As well as the Caribbean’s growing energy storage market, Elecyr’s CEO Bill Southworth said that Jamaica was chosen for the new company due to its container ports in the Americas.
Kelly told BBB: “We will not limit the company to any specific sector of the industry, however we will concentrate more on residential storage.”
Net-metering, or using the electric grid to store electric power from rooftop solar, will soon reach its limit everywhere as has already happened across North America, Australasia and Europe, with the Caribbean seen as another potential growth area.
Elecyr claims that their residential batteries, when scaled to 15kWh, can offer a kWh at just 8c over its lifetime.
