Valence Technology Signs MOU with S&C Electric Company to Develop Grid-Connected Energy Storage Systems
Valence Technology, Inc. and S&C Electric Company, Chicago-based developer of new products and services for the stationary electric power industry, signed a Memorandum of Understanding in which the two companies agree to work together to develop and evaluate products for stationary grid-connected electrical energy storage systems.
Valence yesterday announced an MOU with Siemens Drive Technologies Division to develop modular and scalable energy storage systems compatible with a standard interface of Siemens’ ELFA Hybrid drive marine propulsion system. (Earlier post.)
There are tremendous growth opportunities for Valence Technology in the stationary energy storage market. Collaboration with S&C Electric Company will assist us in developing the right products for the right applications.—Robert L Kanode, President and CEO, Valence Technology