altair nanotechnologies announces successful grid interconnection and operation of two-megawatt battery system - battery energy storage system
Altair nanotechnology. (NASDAQ: ALTI)
Safety, high-
Performance lithium-
Titanium acid battery and energy storage products, today announced the successful completion of one or two-
500 KW-
Hourly battery system purchased by AESCorporation (NYSE: AES).
The program was developed and verified by KEMA, Inc.
And executed by aes personnel and subcontractors.
Tests by KEMA show that the battery system has successfully reached the milestone of the project, which aims to demonstrate the applicability of Altair's large platform technology in frequency regulation, which is currently provided by power plants for the grid
The presentation also shows that the technology can be used in several other utility applications.
Terry Copeland, president and CEO of AltairNanotechnologies, said: "The positive AES results validate the great opportunities in the utilities sector . ".
"Our patented titanium lithium battery technology represents significant advances in frequency regulation that can provide utilities and power generation companies with valuable tools and resources in their growing power grid management challenges.
"We are satisfied with the results of the Altairnano unit.
These two megawattvalidation projects are one of the last steps we take to commercial deployment of the grid
"Expand energy storage," said Chris Shelton, director of energy storage development at AES. "Fast-
Response, high
An efficient energy storage system like this will create a more resilient grid and allow more use of variable power sources such as wind and solar. "The two-
Install and run a MW battery system in a substation owned by Indianapolis Power & Light (IPL)
An AES company
The system contains two 1-
MW battery storage unit, each storage unit is 250 KW-
AC-lithium silicate battery stackto-
DC power conversion system, HVAC unit, control system and transformer connecting the IPL power grid.
During the verification process, the capacity of each unit was tested by repeatedly charging and discharging at 1 MW for 15 minutes.
In the second Test, the two mw power of each unit was used to demonstrate the capability of parallel two independent systems.
Additional tests include analog frequency regulation, which includes switching the device from charge to discharge every 4 seconds for a few hours with a power of up to 1 MW.
The KEMA summary report will be available on Altair's website www. altairnano.
And the website on the KEMA website. kema. com.
On August 2007, AES and altair nanotechnology announced a joint development and equipment procurement agreement.
Under the terms of the agreement, the two companies will develop an energy storage solution.
This first solution is a unit designed to provide more than one megawatt of electricity and 250 kilowatt of electricity
Hourly energy per unit.
Multiple units can be connected together in the system to provide more power and more energy storage.
Altair and AES are working together to leverage these systems to provide more effective management for energy quality, frequency control and real-time management
Time energy fluctuations (milliseconds) at the grid level ).
Extended cycle of battery system-life, high-
The efficiency and power profiles of Altair's battery storage system with other potential solutions on the market are used to continuously deliver a pulse of plus or minus one megawatt to the battery storage system of griddifferentiate ir.
About ALTAIR nanotechnology
Altairnano is an innovator and supplier of advanced and new ceramic nano materials.
An experienced management team with extensive experience in the commercialisation of innovative, disruptive technologies complements saltairnano's leading scientists.
Based on its proprietary manufacturing process, the company has developed nano-materials for the alternative energy, life sciences and high performance materials market.
This process also provides a basis for its innovative analytic hierarchy process.
Altairnano is a leading manufacturer of advanced battery packaging systems for fixed power applications as well as electric and hybrid
Electric cars.
For more information, please visit: www. altairnano. com.
AES is one of the world's largest global power companies with revenues of $2007. 6 billion.
AES's power generation and distribution facilities operate in 29 countries to serve 100 million people worldwide.
AES's 15 regulated utilities have annual sales of more than 78,000 GWh, and its 123 generation facilities generate more than 43,000 MW of electricity.
AES global employees with a population of 28,000 are committed to operational excellence to meet the growing power needs of the world.
For more information about AES, visit www. aes.
Com or contact AES media relations at media @ aes. com. Forward-
This version may contain forward-looking statements
Look at statements and historical information. Forward-
Under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, forward-looking statements may involve risks, uncertainty and other factors may lead to significant differences in the actual results and performance of the company for a period of time in the future with any future results or performance of forward suggestions --
Look for statements in this version.
These risks include, for reasons or other reasons related to the feasibility of the project, the risk that AES will stop supporting joint development projects discussed in this press release;
In future testing or practical applications, the energy storage system will not be as durable or responsive as expected, nor will it be consistent with the specification;
Even if joint development projects are successful at a technical level, market demand will be limited, otherwise revenue will not be sufficient to cover the associated development, manufacturing and overhead costs.
The company recently identified additional risks in its Annual Report on Form 10K and Form 10-
Q, as the SEC documents. Such forward-
The Looking statement will only speak on the date of publication.
The Company expressly denies any obligation to update or modify any forwarding-
Forward-looking statements found here reflect any changes in the company's expectations or results or any changes in events.