Altair Nanotechnologies, Inc. has signed a binding contract with Inversiones Energéticas, S.A. de C.V. (INE), one of El Salvador’s largest electric generation utilities, to provide a turnkey 10 MM ALTI-ESS advanced li-ion battery system for frequency control.
The contract, valued at US$18 million, requires Altairnano to provide a complete turnkey installation at INE’s Talnique power station, including all phases of site preparation, system installation, testing and commissioning. The ALTI-ESS uses Altairnano’s patented lithium-titanate battery chemistry for its energy storage system, which has been in commercial operation for approximately two years.
The ALTI-ESS system, by providing frequency control for the grid, is intended to enable INE to better utilize its electricity generation facilities.
The complete system is expected to be operational in early 2012 with the manufacture of the battery system components to begin in the first half of 2011. This 10 MW system represents Altairnano’s largest installation for the electric grid market to-date, building on the commercial success of earlier ALTI-ESS systems operating since 2008 in the United States.