The energy storage news keeps coming. LG Chem is one of the largest lithium-ion battery manufacturers in the world. Siemens is one of the largest engineering companies in the world and has made some of the largest wind turbines. (It is also a world leader in offshore wind turbine construction.) LG Chem and Siemens have been collaborating for some time, but recently announced that they will continue to do so and even more closely.
This announcement signals a joint response to growing demand for energy storage systems. It only makes sense that energy storage would follow the surge in renewable energy the world has experienced. The ability to make clean electricity and store it would be a great advantage in the fight against climate change and shift away from fossil fuels.
So, when large companies can agree to work together on clean energy solutions, it must be taken as a good sign. Converters and controllers for energy storage solutions will be supplied by Siemens. Batteries and management systems will be supplied by LG Chem.
LG Chem has already provided lithium-ion batteries for a battery storage system created by Siemens for Vulkan Energiewirtschaft Oderbrücke GmbH (VEO).
The energy storage system was installed for assisting the operation of a gas turbine at the steel mill of ArcelorMittal Eisenhüttenstadt GmbH (AMEH). Called Siestorage, the power rating is 2.8 MVA with 720 kWh. The largest integrated steel and rolling mill in Eastern Germany is situated here, so the energy system is no lightweight technology.
The perception of “green” electricity is sometimes that it is soft or nice, but these are industrial-grade applications.
Another sort of vetting aspect of industries choosing more energy storage is that they clearly are doing it for economic reasons, not due to a green philosophy or ideology. If economically viable and large corporations are working on creating more energy storage systems that interface with renewable energies, that can only be a good sign that these technologies have a future and will likely continue to expand. Battery storage is here to stay.
Image Credit: Siemens