The largest energy storage deployment in the US, ever, was just announced by the energy storage provider Alevo and the energy services provider Customized Energy Solutions (CES).
The joint operational agreement between the two companies will see Alevo coordinate with the emerging technologies team at CES to provide 200 megawatts (MW) of GridBank-powered energy storage capacity — which will be spread across CES’s operational network.
CES currently provides wholesale energy market operations services through 8 Independent Systems Operators (ISOs) in the US & Canada — altogether providing energy services to over than 350 major customers, as noted in an email sent yesterday to CleanTechnica.
“This is a critical juncture in the integration of battery storage into the market, transitioning from pilot projects to grid-scale commercially viable installations,” stated Judith Judson, Director of Emerging Technologies, CES. “Storage can provide huge value across the electric grid in terms of increased efficiency and reduced costs, but the challenge has been monetizing the benefits. Alevo is a forward-thinking company with an exciting new battery chemistry and aggressive growth goals.”
“The major expansion of projects deployed in ISO markets continues to prove the benefits and commercial applications for readiness of energy storage,” noted the CEO of Alevo, Jostein Eikeland. “Our operational agreement with Customized Energy Solutions is a milestone for Alevo and testament to the proven performance attributes of our battery technology, which offers a superior value proposition for grid applications. The longevity and performance characteristics of the technology allow us to deploy projects in multiple ISO markets that earlier technologies have not been able to profitably address.”
Such deals seem pretty likely to become increasingly common over the coming years, for a variety of reason — including a number of recent federally mandated changes to energy markets.
It’s worth remembering here that Alevo recently secured $1 billion in new funding (from anonymous Swiss investors). With that kind of a resource base, I’m expecting to hear a lot about the company in the future. (See: New Battery Startup, Alevo, Has Raised $1 Billion In Private Funding, Looking To Blow Up US Energy Storage Industry.)
Image Credit: Alevo
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