SaltX Technology and CSP and integrated energy systems provider Aalborg CSP have signed off on a non-exclusive joint development agreement to develop and commercialise an integrated energy storage solution for Concentrated Solar Power.
The energy storage system will be based on SaltX’s technology for large-scale energy storage, known as EnerStore.
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A first prototype of the storage system is expected to be developed later in 2017, with both companies planning to secure a commercial pilot plant during 2018.
Karl Bohman, CEO of SaltX Technology, said: “SaltX and Aalborg CSP complement each other perfectly – SaltX with its cutting-edge technology, and Aalborg CSP with its strong brand, global solar project portfolio and experience to engineer and build integrated energy systems.
“The market for Concentrated Solar Power (CSP) is expected to explode over the next three years, especially in China, Africa and India. It is therefore important to quickly position ourselves and to accelerate the development of EnerStore.”
Over the next few months, both companies will begin jointly developing a solution that integrates the SaltX EnerStore technology into Aalborg CSP energy systems. The solution will then be marketed and sold to Aalborg CSP’s target customers worldwide.
Peter Badstue Jensen, executive vice president of Aalborg CSP, added: “With the development of EnerStore we expect the competitiveness of our integrated energy systems to increase, allowing us to offer even better feasibility and improved return on investment for our customers.
“The future will see more hybridised energy systems and together with SaltX we will be able to offer a more cost-effective, on-demand renewable energy solution than our competitors. We see this as a long-term partnership where we can grow together in this rapidly developing market.”