EnerVenue has become the first company to introduce metal-hydrogen batteries capable of a staggering 30,000 cycles, and they are entering the South American market in style through a significant Master Supply Agreement (MSA) with VedantaESS. This pivotal agreement entails VedantaESS procuring and deploying 525 MWh of EnerVenue’s Energy Storage Vessel (ESVs) over the next three years.
EnerVenue’s entry into South America with VedantaESS marks an essential step in realizing their global sales strategy, which aims to deploy their innovative energy storage solutions worldwide. This partnership is poised to address Brazil’s surging demand for clean energy, spanning various applications, including distributed generation, isolated microgrids, and commercial, industrial, and utility use cases.
The MSA sets the stage for EnerVenue to progressively supply energy storage, with plans to deliver 75 MWh in 2024, 150 MWh in 2025, and a substantial 300 MWh in 2026. These ESVs will play a vital role in servicing Brazil’s clean energy requirements, strengthening its position in the global transition to sustainable and renewable energy.
VedantaESS, headquartered in São Paulo, focuses on energy storage project design and management, offering services such as energy storage management software, battery solution assembly, installation support, and other tailored products and services that cater to the evolving needs of the Brazilian energy market. Their mission centers around addressing Brazil’s renewable energy challenges through innovative yet proven technologies, aligning with the nation’s transition toward sustainable power sources.
Richard Phillips, President of VedantaESS, commended EnerVenue’s metal-hydrogen batteries for their unique attributes, including remarkable longevity, reliability, safety, cost-efficiency, and flexibility. These ESVs are envisioned to benefit customers across various applications in Brazil, underscoring the significance of this partnership for South America’s energy landscape.
Randy Selesky, Chief Revenue Officer of EnerVenue, emphasized the synergy between EnerVenue’s long-lasting energy storage solutions and VedantaESS’s strategy of delivering flexible and sustainable options to South American markets. This partnership reflects a shared vision of addressing clean energy demands in Brazil and beyond.
EnerVenue’s Energy Storage Vessels™ (ESVs) are designed to offer ultra-long life, efficiency, and flexibility through a highly configurable and scalable product architecture. These batteries are built to withstand the test of time, with an expected lifetime of 30 years or an astonishing 30,000 cycles. Even after 30,000 cycles, they retain 86% capacity, highlighting their durability and reliability.
What sets EnerVenue’s metal-hydrogen ESVs apart from conventional lithium-ion batteries is their exceptional fire safety. They are entirely free from the risk of thermal runaway or propagation, eliminating the need for expensive fire suppression systems. Additionally, ESVs are highly recyclable, aligning with sustainability and environmental responsibility objectives.
EnerVenue, based in the United States, is on a transformative journey to commercialize technology adapted from nickel-hydrogen batteries originally used in space exploration. The company has executed around 7 GWh of deals primarily within the United States. Their nickel-hydrogen energy storage technology, including Energy Storage Vessels (ESVs), racks, and systems, is set for mass production at a new factory in Kentucky.
These ESVs have the unique capability to endure 30,000 duty cycles, making them ideal for long-duration energy storage (LDES) applications, as well as high-power, short-duration use over many years. Their versatile discharge rates, ranging from 5C down to C/10+, offer exceptional flexibility.
EnerVenue’s pioneering technology has garnered significant interest from investors and potential customers. Following a successful Series A funding round that raised $100 million in 2021, the company has secured several notable orders, including a substantial 2.4 GWh order from Pine Gate Renewable Energy. The commitment to innovation, coupled with EnerVenue’s focus on durability, cost-efficiency, and flexibility, has set the stage for their significant expansion into the global clean energy market.