Altairnano signs MoU with Shenhua subsidiaries for industrial Li-ion energy storage systems in China
11 September 2012
Altairnano has signed a Memorandum of Understanding (MoU) with Shenhua Science & Technology and its research affiliate, the National Institute of Clean and Low-carbon Energy (NICE), jointly to develop, deploy and promote industrial applications of lithium titanate-based energy storage systems in China.
Shenhua S&T and NICE are both subsidiaries of the Shenhua Group, which is the world’s largest producer of coal, and the largest integrated energy company in China.
The MoU calls for the launch of a pilot project to deploy and test an Altairnano ALTI-ESS Advantage System at one of Shenhua’s wind farms in China. Under the terms of the MoU, the parties have formed a joint working group, which will define the scope of the pilot project. Key goals of the pilot project include the development of ancillary services for the grid, the storage of electricity in off-peak hours, especially from renewable sources of energy, and grid stabilization.
The newly launched ALTI-ESS Advantage, which uses Altairnano’s patented nano-lithium-titanate technology, is suited for high-power applications because of its ability to rapidly charge, store and discharge energy back into the grid. The company anticipates that the ALTI-ESS Advantage System will play a key role in the joint pilot project with Shenhua S&T and NICE.
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