SunEdison Inc. will purchase up to 1,000 vanadium flow batteries from Imergy Power Systems to store solar-generated electricity for mini-grid projects in India, as the US company continues to move into energy storage.
The vanadium flow batteries will be used to store solar-generated electricity for SunEdison’s rural electrification and solar powered mini-grid projects in India. SunEdison will also increase its equity investment in Imergy. This strengthens the supply relationship between the two companies as SunEdison begins deployment of its extensive rural electrification program in India.
“Energy storage is the perfect complement to solar powered minigrids because it enables us to provide dependable, 24/7 electricity,” said Ahmad Chatila, President and Chief Executive Officer of SunEdison. “And Imergy’s technology is a great fit for rural electrification because their systems are high performance, low cost, ultra-durable and need very little maintenance.”
“Imergy is proud to be working with SunEdison to bring electricity to the under-served in rural India,” stated Bill Watkins, Chief Executive Officer of Imergy Power Systems. “Imergy’s storage systems are safe and sustainable, and provide the lowest cost and most reliable way to store energy for these minigrids.”
Imergy Power Systems provides stationary energy storage solutions using flow battery technology. Its Energy Storage Platform helps to reduce energy cost and optimize renewable power generation while improving overall power reliability.
Earlier this month, SunEdison Inc. acquired the energy storage business of Solar Grid Storage LLC to complement its renewable energy portfolio of solar and wind projects. Solar Grid Storage has developed a model for adding batteries to commercial photovoltaic installations while lowering costs and introducing new benefits.