ESS Announces Strategic Partnership to Deploy Long-Duration Energy Storage in Australia and Deliver an Expected 12 GWh of Iron Flow Batteries
August 11 2022 - 04:06PM
Business Wire
Agreement between ESS and Energy Storage
Industries Asia Pacific to deliver grid-scale iron flow batteries
will accelerate the deployment of long-duration energy storage and
catalyze the clean energy transition in Australia, New Zealand and
Oceania.
ESS Inc. (NYSE: GWH) today announced a strategic partnership
with Energy Storage Industries Asia Pacific (“ESI”) to distribute
and manufacture iron flow batteries utilizing ESS technology in
Australia, New Zealand and Oceania to meet rapidly growing demand
for long-duration energy storage in the region.
Under the terms of the agreement, ESS will initially supply 70
complete 75kW / 500kWh Energy Warehouse (EW) systems to ESI in 2022
and 2023. Concurrently, ESI will construct a manufacturing facility
in Queensland, Australia, equipped to conduct final assembly of ESS
systems from 2024 onward. Systems manufactured at the Queensland
facility will utilize “core component kits” supplied by ESS
including battery modules, proton pumps, and other unique
components. Core component kits will continue to be manufactured in
Wilsonville, Ore. The ESI manufacturing facility is designed to
reach a production capacity of up to 400 MW of energy storage
annually.
“We look forward to deploying ESS technology in Australia and
the region to meet the needs of energy customers and build a
sustainable, resilient energy future,” said Eric Dresselhuys, CEO
of ESS. “ESI brings a wealth of experience and expertise in clean
energy and energy storage and a keen understanding of the
Australian energy market. We look forward to working with them to
advance our shared mission to accelerate the clean energy
transition by deploying long-duration energy storage solutions in
the region.”
“ESS is an ideal technology partner to meet the extraordinary
demand for long-duration energy storage in Australia and the
region,” said Stuart Parry, Managing Director of ESI. “Safe and
non-toxic ESS iron flow batteries are perfect in Australia’s harsh
environment and the ability to locally source electrolyte provides
insurance against supply chain risks and price escalation. The
transition to clean energy requires new long-duration storage
solutions and we look forward to working with ESS to meet the needs
of an increasingly renewable energy grid.”
ESS iron flow technology provides cost-effective long-duration
energy storage and is ideal for applications that require from 4-12
hours of flexible energy capacity. ESS systems provide resilient,
sustainable energy storage well-suited for multiple use cases
including utility-scale renewable energy installations, remote
solar + storage microgrids, grid load-shifting and peak shaving,
and other ancillary grid services. ESS technology is safe,
non-toxic and has a 25-year lifespan without capacity fade. Demand
for long-duration energy storage systems is expected to grow
rapidly in Australia; New South Wales announced the procurement of
2 GW of LDES in its recent Electricity Infrastructure Roadmap.
ESS anticipates that Energy Warehouse deliveries to ESI will
begin in 2022.
About ESS Inc.
At ESS (NYSE: GWH), our mission is to accelerate global
decarbonization by providing safe, sustainable, long-duration
energy storage that powers people, communities and businesses with
clean, renewable energy anytime and anywhere it’s needed. As more
renewable energy is added to the grid, long-duration energy storage
is essential to providing the reliability and resiliency we need
when the sun is not shining and the wind is not blowing.
Our technology uses earth-abundant iron, salt and water to
deliver environmentally safe solutions capable of providing up to
12 hours of flexible energy capacity for commercial and
utility-scale energy storage applications. Established in 2011, ESS
Inc. enables project developers, independent power producers,
utilities and other large energy users to deploy reliable,
sustainable long-duration energy storage solutions. For more
information visit www.essinc.com.
About Energy Storage Industries Asia Pacific
Energy Storage Industries Asia Pacific (ESI) is a
Queensland-based, 100 percent Australian-owned company that
provides reliable and environmentally friendly renewable energy
storage solutions that are essential for Australia’s transition to
a renewable energy future.
We are investing up to $70 million in Maryborough to manufacture
and distribute low-cost, long-life iron flow batteries that allow
large-scale energy storage for wholesale electricity generators,
energy retailers, and commercial and industrial (C&I)
customers. For more information visit https://esiap.com.au.
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version on businesswire.com: https://www.businesswire.com/news/home/20220811005620/en/
Investors:
Erik Bylin investors@essinc.com
Media:
ESS: Morgan Pitts +1 503.568.0755 Morgan.pitts@essinc.com
ESI: Three Plus +61 7 3167 1200
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