Metal-hydrogen battery company EnerVenue signs 250MWh supply deal with developer

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Metal-hydrogen battery startup EnerVenue has signed a master supply agreement (MSA) with Green Energy Renewable Solutions for 250MWh of its technology over the next three years.

The deal will see EnerVenue deliver 50MWh of its product to Green Energy in 2023, 100MWh in 2024, and 100MWh in 2025.

Green Energy shares common ownership with Sweden-based aluminium and steel structure manufacturing company Nicon Industries, and will package the battery vessels into building blocks for applications across Nicon’s portfolio. Nicon is active in the wind, offshore and maritime industries.

Through Green Energy, Nicon aims to build 1GW of energy storage projects within the three years of the initial EnerVenue agreement though has not revealed the technology supplier for the remaining capacity.

EnerVenue told Energy-Storage.news: “The master supply agreement between EnerVenue and Green Energy comprises 250MWh from 2023 – 2025. Green Energy has a goal to develop a total of 1GWh worth of projects over that same timeframe (2023 – 2025).”

“The 1GWh represents Green Energy’s goal and the theoretical additional capacity (750MWh) may be provided by EnerVenue but no plans have yet been defined and no contracts have been signed. Currently, Green Energy is focused on the initial 250MWh using EnerVenue as its battery technology of choice.”

Henrik Jensen, CEO, Nicon Industries A/S said: “EnerVenue’s technology features exceptional longevity and durability with minimal maintenance required, and its fire-safe properties are especially critical in our expected applications. EnerVenue’s transformational technology will help Green Energy Renewable Solutions provide superior value to our global customer base.”

Energy storage systems deployed in the offshore and maritime market must meet particularly strict DNV certification, which assesses the reliability of components and systems in the face of marine hazards, and CE certification. The zero fire propagation risk is especially crucial in offshore locations such as oil rigs.

Jens Juul, COO at Green Energy, added: “By 2024, Nico’s forklifts will be converted from fossil fuel to electric power and will be charged with Green Energy battery containers. Additionally, the power needed for our sea fastenings jobs on wind installation vessels will be supplied from our own battery containers charged overnight with renewable energy coming from the windfarms.”

“Green Energy’s maritime and offshore renewable energy applications offer use cases where the safety, flexibility, and maintenance-free durability of our battery vessels deliver compelling business opportunities and competitive differentiators,” said Randy Selesky, chief revenue officer, EnerVenue.

EnerVenue’s CEO Jorg Heinemann positioned its nickel-hydrogen batteries as a simpler, safer and more versatile alternative to lithium-ion in a recent interview with Energy-Storage.news. The technology the company is aiming to commercialise at scale was originally developed for use in space.

The company raised US$100 million in investment one year ago to achieve that, which was followed by supply memorandum of understandings (MOU) with developers in Puerto Rico and mainland US. By July this year, the company claimed to have 5GWh of customer orders. It has a production line in Fremont, California.

This article was updated after publication to include a statement from EnerVenue about Nicon/Green Energy’s larger energy storage deployment target.

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