EnerVenue and Green Energy Renewable Solutions inked a master supply agreement under which the latter would buy and provide 250 MWh of batteries over the following three years.
In 2023, 2024, and 2025, the firm will supply 50 MWh, 100 MWh, and 100 MWh of capacity. The parent business of Green Energy, Nicon Industries A/S, a producer of steel and aluminum for the offshore, marine, and wind industries, plans to construct 1 GW of storage projects during the next three years.
With overcharge, over-discharge, and deep-cycle capabilities, EnerVenue claims that its nickel-hydrogen batteries have lifespans of more than 30 years and can withstand more than 30,000 cycles without degrading. The business also asserts that its capital expenses are lower than those of lithium-ion batteries and that costs per kilowatt-hour can be as low as one cent.
According to the manufacturer, metal-hydrogen batteries perform better than lithium-ion batteries in hot and cold climates. The solution works best in temperatures between -40 and 140 degrees Fahrenheit (60 C). The battery supposedly has no risk of fire or thermal runaway, as a result, has no harmful ingredients, and is recyclable.
Nicon intends to use storage solutions for long-term deployment in marine and offshore projects, where these characteristics are especially important for safety and compliance. The batteries will be used in major construction and heavy industry projects initially on land, packaged as specialized building pieces. For the products to be used in the offshore and marine markets, DNV certification and CE certification requirements must be met.