Uncategorized – EnerVenue, Inc.

May 2, 2023

EnerVenue Completes UL 9540A Fire Safety Testing and Achieves Certification to UL 1973 for Battery Energy Storage Systems

EnerVenue’s metal-hydrogen technology showed no fire propagation during induced thermal runaway, validating the company’s superior safety compared to other battery technologies.

FREMONT, Calif. – May 2, 2023 – EnerVenue, the first company to bring metal-hydrogen batteries capable of 30,000 cycles to the clean energy revolution, today announced the company has completed UL 9540A cell-, module- and unit-level evaluation of thermal runaway fire propagation. Additionally, the company certified its Energy Storage Vessel™ to UL1973. Both achievements represent significant safety milestones for the rapidly growing company.

UL 9540A testing includes progressively larger-scale fire tests to evaluate the risk of thermal runaway and fire propagation in battery energy storage systems. EnerVenue’s Energy Storage Vessels completed UL 9540A testing at the cell level with no flames observed during induced thermal runaway.

“Our UL 9540A test results confirm our proven battery chemistry as the leading option for customers concerned with eliminating the possibility of fires or thermal hazards at their grid-scale installations,” said Majid Keshavarz, CTO, EnerVenue. “We’re proud to achieve this testing validation and to offer a safer battery energy storage system.”

In contrast, lithium-ion batteries generate flames during the UL 9540A test at the cell level: a punctured li-ion battery cell will catch fire. Li-ion battery manufacturers must therefore add additional protection around cells to contain thermal runaway at the module level to meet testing criteria.

The UL 9540A test method is officially titled: Test Method for Evaluating Thermal Runaway Fire Propagation in Battery Energy Storage Systems and is the recognized standard for evaluating a battery energy storage system’s thermal runaway fire propagation risk. This testing provides manufacturers with a means of demonstrating the regulatory compliance of their products. In most regions, battery technology providers’ products must complete UL 9540A testing for them to be eligible for installation.

UL 9540A testing fully confirms and validates EnerVenue’s standing as a provider of unique and inherently safer energy storage technology. EnerVenue’s metal-hydrogen batteries require no additional packaging or modification to prevent explosion, or fire propagation. These safer batteries enable EnerVenue customers to reduce project risk, OPEX costs, risk to personnel, and environmental concerns. While other battery systems carry a risk that fire events could cause toxic materials to enter the air or leach into groundwater, EnerVenue’s systems have no such risks. EnerVenue’s superior safety also makes its systems appropriate not just in utility settings but also for commercial or even residential applications, due to their potential to be installed in occupied buildings without the known risks associated with other technologies such as lithium-ion.

The company also certified its Energy Storage Vessels to UL 1973, which was updated last year. The safety standard applies to stationary batteries and certifies the ability of a battery system to safely operate under normal and abnormal conditions relative to electrical, mechanical and environmental safety.

“UL 1973 confirms and validates our safety claims and satisfies a requirement for the deployment of grid-scale and commercial energy storage systems,” said Andrzej Skoskiewicz, Vice President of Product Engineering at EnerVenue. “Designers, integrators and system operators can have full confidence in the safety and performance of EnerVenue technology.”

About EnerVenue EnerVenue builds simple, safe, and cost-efficient energy storage solutions for the clean energy revolution. Based on technology proven over decades under the most extreme conditions, EnerVenue batteries are refined and scaled for large renewable energy integration applications.

Back to the Main Page

March 28, 2023

EnerVenue Opening Gigafactory in Shelby County, Kentucky to Scale Production of its Differentiated Energy Storage Solutions

The one-million-square-foot manufacturing facility will enable the fast-growing clean energy company to meet current and future demand for its unique, non-lithium-ion battery technology.

FREMONT, Calif., and SHELBY COUNTY, Ky., March 28, 2023 – EnerVenue, the first company to bring metal-hydrogen batteries capable of more than 30,000 cycles to the clean energy revolution, today announced it will open a one-million-square-foot gigafactory in Shelby County, Kentucky. The 73-acre site will become the company’s state-of-the-art manufacturing plant for its Energy Storage Vessels. All aspects of design and process validation, manufacturing and testing will be performed onsite. The first phase of the project will encompass one gigawatt hour of annual production. EnerVenue expects to invest in excess of $1 billion to expand to more than 20 gigawatt hours per year across its domestic manufacturing sites in subsequent phases.

“Locating EnerVenue’s gigafactory in Kentucky is a win for the commonwealth,” said Governor Andy Beshear. “Our leadership has prioritized bringing high-quality jobs to the region and this is yet another example of those efforts paying dividends.”

The new gigafactory, located in the heart of Kentucky’s manufacturing region, is expected to create 450 full-time jobs during the initial opening and first phase of the production ramp. Shelby County offered EnerVenue a generous long-term incentive package comprising property and wage tax rebates totaling $20 million over a 25-year period, which is commensurate with the company’s significant local investment. The state of Kentucky also offered EnerVenue more than $10.3 million in tax incentives for the first phase of the company’s ramp. The tax rebates will help support growth in the county and incentivize future development as the gigafactory expands and adds additional jobs.

“We are excited to welcome EnerVenue to Shelby County and look forward to the positive impact its gigafactory will have on our local economy,” said Dan Ison, Shelby County Judge Executive. “With this facility, county residents will be afforded new, lucrative career opportunities.”

EnerVenue continues to see accelerating demand for its unique solution for safe, durable, and versatile clean energy storage. The company has more than 7 GWh of customer commitments, including from Pine Gate Renewables, Nicon Industries’ Green Energy Renewable Solutions, and Sonnell Power Solutions, among others.

“As customer interest in EnerVenue’s storage technology soars, we’re excited to significantly scale battery production with our new state-of-the-art gigafactory in Shelby County,” said Jorg Heinemann, CEO, EnerVenue. “Following a nationwide vetting process, Kentucky emerged as the ideal fit to build our new facility. The state and county governments were committed to bringing manufacturing and clean energy jobs to the region, and we look forward to working with them as we build out operations.”

The gigafactory also continues to grow EnerVenue’s national footprint. The company recently expanded its operations in Fremont, California and secured long-term materials and equipment supply agreements with Precision Process and Precious Plate in Niagara Falls, New York.

EnerVenue recently launched the second generation of its large-format battery technology—Energy Storage Vessels™—that enable more scalable and customizable configurations. The company also backs its vessels with Capacity Assurance™, offering customers a straightforward 20-year/20,000-cycle warranty extension at 88%+ capacity.

The gigafactory is expected to begin production by the end of the year.

About EnerVenue

EnerVenue builds simple, safe, and cost-efficient energy storage solutions for the clean energy revolution. Based on technology proven over decades under the most extreme conditions, EnerVenue batteries are refined and scaled for large renewable energy integration applications. The company is headquartered in Fremont, California.

Back to the Main Page

January 31, 2023

EnerVenue Names Kim Gupta as Chief Supply Officer

Gupta brings extensive energy industry experience to EnerVenue as the company rapidly scales battery production

FREMONT, Calif., Jan 31, 2023 – EnerVenue, the first company to bring metal-hydrogen batteries capable of more than 30,000 cycles to the clean energy revolution, today announced the appointment of Dr. Kim Gupta as Chief Supply Officer. Gupta adds significant energy industry experience to EnerVenue. He will lead all facets of the company’s supply chain management, including materials procurement and logistics.

Gupta joins EnerVenue from Bloom Energy, a leading worldwide manufacturer of solid-oxide fuel cells for the distributed generation of electricity and hydrogen. For the past 11 years, he served as Vice President of Strategic Sourcing for the San Jose-headquartered firm. Gupta was instrumental in developing and expanding Bloom Energy’s global supply base, leading a team that transformed the company away from being supply-constrained. During his tenure, he also reduced material costs for Bloom’s fuel cell system by more than 50% and worked with a worldwide network of suppliers enabling $100M+ investments to feed Bloom’s supply requirements.

Prior to Bloom, Gupta spent two decades at Intel, where he managed a critical supply line for the company’s manufacturing sites. He holds a Ph.D. in Physical Chemistry from Stanford University and an MBA from Santa Clara University.

“With its unique, proven, and advantageous solution for safe and long-lasting energy storage, the business case for EnerVenue’s batteries is clear,” said Kim Gupta, Chief Supply Officer, EnerVenue. “The company’s growth over the past two years has been incredible. With a clear commitment to scale through its production agreements and an upcoming gigafactory, I’m thrilled to assist EnerVenue through its next stage of growth.”

“As we quickly scale manufacturing to stay ahead of the market demand for our battery systems, ensuring supply chain continuity and success is critical,” said Jorg Heinemann, CEO, EnerVenue. “Kim brings us the exact experience and acumen we are looking for, and his leadership will better enable us to achieve our aggressive growth goals. We welcome Kim to the EnerVenue team.”

EnerVenue continues to expand and advance its metal-hydrogen batteries. The company recently announced the launch of Energy Storage Vessels (ESVs), which deliver EnerVenue’s battery technology in more scalable and customizable large-format battery configurations.

About EnerVenue

Back to the Main Page

December 6, 2022

EnerVenue Launches Energy Storage Vessels (ESVs), the Second-Generation of its Metal-Hydrogen Energy Storage Solution

The ESVs offer more efficient and flexible deployments of EnerVenue’s pioneering technology, with scalable and customizable large-format battery configurations ready to meet a wide breadth of customer and partner applications

FREMONT, Calif. – Dec. 6, 2022 – EnerVenue, the first company to bring metal-hydrogen batteries capable of more than 30,000 cycles to the clean energy revolution, today announced the launch of EnerVenue Energy Storage Vessels (ESVs), the company’s second-generation energy storage product.

EnerVenue ESVs continue to expand the company’s pioneering use of metal-hydrogen energy storage technology as an advantageous solution compared to lithium-ion and other alternatives. Based on decades of use with NASA and other aerospace applications, EnerVenue has significantly cost-reduced materials to bring—for the first time—unique battery durability, safety, and flexibility benefits to grid-scale, commercial and industrial deployments. The new ESV solution delivers unprecedented flexibility in how customers can stack and install the vessels to build and scale their energy storage capacity.

The ultra-long-life EnerVenue ESVs enable unique applications and business models for developers, integrators, and owners. Customers can cycle ESVs up to three times per day without rest, and the batteries have an expected lifetime of 30 years / 30,000 cycles. ESVs continue to deliver 86% capacity beyond 30,000 cycles, providing a second asset life that lithium-ion batteries cannot match. The solution’s metal-hydrogen technology further differentiates from li-ion by offering improved fire safety. ESVs have been tested and demonstrate no thermal runaway or propagation risk, and there is no need for costly, preventative fire suppression systems. EnerVenue ESVs also significantly reduce OPEX and CAPEX costs compared to li-ion, delivering on expected ROI by eliminating any need for expensive augmentations, excessive oversizing, or extensive maintenance during a project’s lifetime. With recyclable components, ESVs are also more sustainable and environmentally responsible than li-ion.

EnerVenue ESVs offer a highly configurable and scalable product architecture that makes the products ideal building blocks for system integrators of all sizes and business models. ESVs similarly enable a more flexible breadth of deployment locations—and are built to thrive even in extreme temperatures and other environments where grid-scale li-ion batteries struggle. The product also features flexible charge/discharge rates and can discharge to 100% (deep discharges permanently damage li-ion batteries), giving system owners the latitude to capitalize on a broader range of revenue stream opportunities.

“Our new ESVs deliver a meaningful upgrade to the customization and ease with which customers and partners can plan—and expand—their utilization of our transformative and proven battery technology,” said Majid Keshavarz, Chief Technology Officer, EnerVenue. “As the applications using our technology have grown, we wanted to ensure we had a product that could match almost any use case. ESVs package EnerVenue’s incredible technology into a more flexible and efficient solution that we’re excited to bring to market.”

EnerVenue backs its ESVs with the Capacity Assurance extended warranty. Launched in October and the longest and simplest warranty of its kind, customers selecting Capacity Assurance are guaranteed 88% capacity for up to 20 years/20,000 cycles.

The company is already committed to providing seven gigawatt hours of ESVs as part of existing agreements with customers, including previously announced deals with Pine Gate Renewables, Sonnell Power Solutions, and Nicon-Industries-affiliated Green Energy Renewable Solutions. EnerVenue will begin shipping ESVs to customers in 2023.

About EnerVenue

Back to the Main Page

October 11, 2022

**EnerVenue Launches Capacity Assurance™ to Offer the Stationary Battery Storage Industry’s Simplest and Longest Extended Warranty**

Capacity Assurance backstops investments in EnerVenue’s energy storage systems, providing a 20-year/20,000 cycle warranty extension at 88%+ capacity

FREMONT, Calif. – October 11, 2022 – EnerVenue, the first company to bring metal-hydrogen batteries to the clean energy revolution, today announced Capacity Assurance™ –the industry’s simplest and most straightforward extended warranty for stationary batteries. With its introduction, Capacity Assurance also represents the longest warranty available in its class.

With Capacity Assurance, EnerVenue customers can now further control risk and backstop their investments, gaining a 20-year/20,000 cycle warranty extension at no less than 88% capacity. This straightforward extended warranty covers a project while it’s in its most critical payback phase and is offered with no hidden exclusions and simple operating terms. With assurance of 88% capacity over 20 years, Capacity Assurance terms are designed to align with customers’ needs by supporting the long-term lifecycles of typical energy storage projects.

EnerVenue’s metal-hydrogen battery systems enables energy providers and system owners with proven grid-scale renewable storage technology that rectifies the cost, durability, and safety limitations of lithium-ion. Li-ion batteries suffer from significant and problematic battery degradation—with power output falling several percent per year—and energy providers using li-ion must regularly perform expensive mitigations by adding new battery banks to their existing footprints to keep up with their contractual power output obligations. Li-ion warranties reflect this risk with their cost and complexity – usually requiring operation in a very narrow specifications window and containing myriad exclusions and exceptions.

In direct contrast, EnerVenue’s battery systems offer a 30+ year design life with essentially zero year-to-year degradation. With no augmentations required, EnerVenue’s batteries are ultra-low maintenance, with similarly low material and operational costs. Importantly, EnerVenue’s batteries present no fire or thermal runaway risk, exhibit extremely minimal degradation and are built to operate in a wide range of ambient temperatures without auxiliary HVAC.

“For years, the stationary storage market has been asking for a simple, long-term capacity guarantee,” said Randy Selesky, CRO, EnerVenue. “Capacity Assurance delivers an industry-best promise that complements EnerVenue’s robust technology and provides our partners with both operational confidence and contractual security.”

About EnerVenue

Back to the Main Page

September 22, 2022

EnerVenue Announces 250 MWh Master Supply Agreement with Green Energy Renewable Solutions

Owned by Nicon Industries A/S ownership group, Green Energy Renewable Solutions will deploy EnerVenue energy storage technology across maritime, large construction, and other heavy industry projects

FREMONT, Calif. – September 22, 2022 – EnerVenue, the first company to bring metal-hydrogen batteries capable of 30,000 cycles to the clean energy revolution, today announced a Master Supply Agreement with Green Energy Renewable Solutions. Under the terms of the deal, Green Energy will procure and deploy 250 MWh of EnerVenue’s storage solution over the next three years. Houston-based Green Energy is a recently launched company owned by Henrik Jensen and Jens Juul, both of whom own and operate Nicon Industries A/S, a leading manufacturer of steel and aluminum constructions in the wind, offshore and maritime industry. Green Energy will leverage EnerVenue battery vessels to support Nicon’s innovative renewable energy and storage projects.

The Master Supply Agreement will deliver 50MWh in 2023, 100MWh in 2024, and 100MWh in 2025. Green Energy will package EnerVenue battery vessels into customized building blocks for projects across Nicon’s onshore and offshore project portfolio. Through Green Energy, Nicon has the ambitious goal of building 1 GW of storage projects within the three years of the initial EnerVenue agreement.

“EnerVenue’s energy storage technology will be a critical asset to Green Energy Renewable Solutions and, by association, to Nicon Industries A/S,” said Henrik Jensen, CEO, Nicon Industries A/S. “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.”

Initial projects are expected to be onshore but to support Nicon’s long-term goals, Green Energy’s energy storage solutions must meet particularly strict DNV certification and CE certification mandates for systems deployed in the offshore and maritime market. EnerVenue’s unique metal-hydrogen technology gives Green Energy exceptionally long battery life with low maintenance requirements and zero fire propagation risk—an especially crucial safety and compliance factor in offshore locations such as oil rigs.

“By 2024, Nicon´s forklifts will be converted from fossil fuel to electric power and will be charged with Green Energy battery containers,” said Jens Juul COO Green Energy / Nicon Industries A/S. “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, CRO, EnerVenue. “This industry has a particularly outsized and urgent opportunity to benefit from clean energy modernization, and we’re proud to now work with Green Energy to bring our technology into these applications for the first time.”

Many of Green Energy’s planned renewable energy projects are associated with a push by European Union countries to ramp up offshore wind power, decarbonize the maritime industry, move away from volatile gas imports, and more quickly and completely achieve climate goals.

The Master Supply Agreement adds to EnerVenue’s recent supply deals, including agreements with Pine Gate Renewables and Sonnell Power Solutions.

About EnerVenue

Back to the Main Page

August 2, 2022

EnerVenue Leases 64,000-square-foot Building in Fremont, California as R&D and Pilot Manufacturing Line

The new facility enables the clean energy storage company to scale its engineering and operations teams

FREMONT, Calif. – Aug. 2, 2022 – EnerVenue, the first company to bring metal-hydrogen batteries capable of 30,000 cycles to the clean energy revolution, today announced that it has completed a lease agreement on a 64,000-square-foot building in Fremont, California that will expand EnerVenue’s corporate footprint and house the company’s pilot manufacturing facility.

The building is located at 3500 Gateway Boulevard and provides EnerVenue with a mixed-use facility that is ideally suited for EnerVenue’s continued growth.

“We’ve seen incredible growth in our first two years, with global partnerships, significant funding, and a truly differentiated grid-scale energy storage solution,” said Jorg Heinemann, CEO, EnerVenue. “In vetting locations for our long-term future, we considered our aggressive development plans and the facilities we’ll require for what’s to come. We’re proud to be able to continue to build and grow in the City of Fremont.”

With accelerating growth powered by the company’s energy storage technology, EnerVenue has quickly sprouted to more than 150 employees since its founding in 2020. The company raised $125 million in an oversubscribed Series A funding round in late 2021 and continues to hire talent at a fast clip.

“The City of Fremont is thrilled to witness EnerVenue’s continued commitment to our community,” said Mayor Lily Mei. “Fremont is perfectly situated to leverage Silicon Valley’s best, and we believe EnverVenue will benefit from the city’s central location, excellent facilities, and access to world-class talent. EnerVenue’s expansion could not come at a more needed time as we face the dual challenges of combating climate change and rapidly modernizing our grid for a clean electric future.”

At 4x the square footage of its existing headquarters, also in Fremont, the new facility will provide EnerVenue with the space required to scale and staff additional sales, service, and engineering expertise, while also growing its advanced R&D and manufacturing capabilities.

“3500 Gateway Boulevard is a top-notch facility with office and manufacturing space that aligns perfectly with where EnerVenue is today and where we’re headed,” said Frank Blohm, COO, EnerVenue. “The new space represents a key milestone as EnerVenue ramps towards large-scale production.”

EnerVenue projects a move-in date during the second half of 2022.

About EnerVenue

Back to the Main Page

June 29, 2022

EnerVenue Announces Plating Equipment and Materials Agreements with Precision Process and Precious Plate

The two partnerships secure EnerVenue’s plating equipment and materials supply, dramatically accelerating the company’s high-scale battery production to meet exceptional customer demand

FREMONT, Calif. – June 29, 2022 – EnerVenue, the first company to bring metal-hydrogen batteries capable of 30,000 cycles to the clean energy revolution, today announced it has completed agreements with Precision Process and Precious Plate. The deals with the companies, both of whom are owned by the same governance entity, enable EnerVenue to secure its plating equipment and materials supply requirements and to achieve an accelerated pathway to high-scale battery production.

Under the first agreement, Precision Process will serve as EnerVenue’s exclusive supplier of plating manufacturing equipment. Precision Process will build all plating lines to be installed at EnerVenue’s current and future manufacturing sites, per the terms of this five-year deal.

Under the second five-year agreement, Precious Plate will exclusively supply EnerVenue with plated anode materials – essential to the manufacturing of EnerVenue’s battery vessels.

With these agreements in place, EnerVenue has established a secure supply of plating equipment and materials, as well as price certainty, as the cleantech company rapidly outgrows its startup stage and shifts into high-volume production.

“Establishing proven, scalable, and expertly-designed and managed manufacturing practices – as well as long-term equipment and material supplies – are critical as we scale,” said Frank Blohm, COO, EnerVenue. “By partnering with the trusted commercial plating experts at Precision Process Equipment and Precious Plate, we’ve reaffirmed our path for efficient, high-speed battery production that will meet our growth goals now and well into the future.”

EnerVenue is able to tap into its partners’ wealth of experience as commercial plating material and equipment providers. Precious Plate has established a dedicated manufacturing location in Niagara Falls, NY to ensure the protection of EnerVenue’s intellectual property, and provide an exclusive operational commitment. The facility will expand EnerVenue’s anode production capacity to five gigawatt hours (GWh) annually by 2026. Additional land has also been secured to support in excess of 10 GWh annually as EnerVenue grows. Precious Plate is currently hiring to fill a variety of high-quality roles at the facility.

“Precious Plate Inc. and Precision Process Inc. combine to offer a unique synergy with expertise in custom equipment design & build, electroplating experience, and operational excellence. Additionally, because we have the requisite know-how and available physical resources, we are well-positioned to scale rapidly and service the clean energy storage market,” said Scott Law, President, Precious Plate. “We are excited to align with EnerVenue to supply into the rapidly expanding stationary storage market, and we look forward to growing with EnerVenue in the coming years.”

Following a $125 million oversubscribed Series A funding round completed in late 2021, EnerVenue’s differentiated battery technology has seen increasing demand. Among its most recent deals, EnerVenue announced a four-year agreement with Pine Gate Renewables to supply 2400 MWh as a strategic lithium-ion alternative to grid-scale energy storage. The company also announced a 420 MWh deal to support Sonnell Power Systems in Puerto Rico.

About EnerVenue

About Precious Plate Inc.

Precious Plate is a reel-to-reel, roll-to-roll electroplating company located in Niagara Falls, NY. A pioneer in precise precious metal plating development, Precious Plate uses proprietary plating chemistries and processes to apply very thin layers of electroplated metals to greatly enhance the performance of a variety of base materials. Precious Plate has been at its Niagara Falls location since 1979 and currently operates 24 reel-to-reel and roll-to-roll plating lines, employing160 employees. They provide plated components predominantly used in Automotive, Solar, Fuel Cell, Electronics, and Communications markets.

About Precision Process Inc.

Precision Process, designs, builds and installs custom reel-to-reel and roll-to-roll plating equipment for a variety of applications. They currently employ 55 employees and have installed 220 equipment sites around the globe.

Back to the Main Page

June 2, 2022

EnerVenue Announces Agreement to Support Sonnell Power Solutions’ Clean Energy Development with Stationary Storage Solution

Continuing to expand globally, EnerVenue will accelerate the clean energy transformation into Puerto Rico’s industrial sector through the new partnership with Sonnell

FREMONT, Calif. and BAYAMÓN, Puerto Rico – June 2, 2022 – EnerVenue, the first company to bring metal-hydrogen batteries to the clean energy revolution, today announced an MOU agreement with Sonnell Power Solutions, a division of Grupo Sonnell. Under the terms of the deal, Sonnell Power Solutions will procure and deploy 40 MWh of EnerVenue’s EnerStation battery systems in 2023, with volume increasing to 420 MWh in 2024 and 2025.

Puerto Rico-based Grupo Sonnell, the leader in transportation and logistics services in Puerto Rico , is aggressively expanding into the energy sector through its new subsidiary Sonnell Power Solutions. Puerto Rico faces rising demand for alternative energy and grid-resilient solutions, particularly following the destruction caused by Hurricane Maria in 2017 and the continuing power grid deficiencies left in the storm’s aftermath. Puerto Rico’s industrial sector has remained particularly ready for widespread energy transformation, with businesses actively seeking transitions into renewable energy solutions.

“The industrial sector in Puerto Rico faces a crucial and time-sensitive need for more sustainable, affordable, and reliable energy,” said José Rodríguez Varela, President, Sonnell Power Solutions. “EnerVenue fits into our mission to provide the off-grid alternative energy path forward that industrial businesses are so eager to adopt – one that is safe and built to last. We’re also a company where environmental concerns cut across every aspect of our business. EnerVenue’s storage solutions enable us to reduce the critical midday demand on the grid – and significantly lower energy costs – for industrial customers. We anticipate that EnerVenue will become a cornerstone technology for us, where we are able to fulfill the market’s energy transformation needs now and going forward.”

EnerVenue’s energy storage technology does not have any fire or thermal runway risk and delivers differentiated tolerance of extreme temperature and environmental conditions. These capabilities make EnerVenue’s systems a superior fit for industrial use cases, driving Sonnell Power Solutions’ decision to partner with the company. Looking forward, Sonnell Power Solutions plans to leverage its EnerVenue-based capacity to expand into serving large commercial and government energy customers, and to power its facilities and electric fleet as Grupo Sonnell pursues its aggressive environmental impact goals.

“Grupo Sonnell continues to be a proven leader delivering business value to industrial enterprises, always doing so with a clear-eyed focus on their own environmental impact,” said Randy Selesky, Chief Revenue Officer, EnerVenue. “Our battery systems excel in meeting Sonnell Power Solutions’ goals, and we’re proud to enter into this agreement to expand EnerVenue’s technology into Puerto Rico for the first time.”

About EnerVenue

Back to the Main Page

May 17, 2022

EnerVenue Announces Four-Year Agreement to Provide Pine Gate Renewables with State of the Art Stationary Energy Storage Solutions

Pine Gate Renewables will procure and deploy EnerVenue battery systems across utility-scale sites across the United States, delivering 2400 MWh over the next four years.

FREMONT, Calif. – May 17, 2022 – EnerVenue, the first company to bring metal-hydrogen batteries to the clean energy revolution, today announced a multi-year agreement with leading solar and energy storage developer, Pine Gate Renewables. Under the terms of the deal, Pine Gate Renewables will procure and deploy 2400 MWh of EnerVenue’s battery energy storage systems in the United States to support their growing energy storage project pipeline.

As a leading renewable energy company developing and financing solar and energy storage projects throughout the United States, Pine Gate Renewables currently manages more than one gigawatt in operational assets, with more than 16GW in active development across the country. Under the terms of the agreement, Pine Gate Renewables will deploy EnerVenue battery systems to support its growing pipeline of projects over the next four years, leveraging EnerVenue’s uniquely robust, safe, cost-efficient energy storage technology capable of delivering multiple power cycles each day.

EnerVenue’s differentiated battery technology has continued to drive rapid company growth since its founding in 2020. EnerVenue raised $125 million in Series A funding, now has 140 employees, and continues to accelerate hiring of engineering talent.

Quotes

“Pine Gate Renewables excels at launching and operating renewable energy and energy storage projects, and is an ideal partner for deploying EnerVenue’s innovative battery systems,” said Randy Selesky, Chief Revenue Officer, EnerVenue. “We’re proud to work with Pine Gate in expanding renewable energy usage to new locations, businesses, and partners across the country, and we are excited for what the next four years will bring for both of our organizations.”

“EnerVenue batteries offer a differentiated value proposition – lower degradation across a wide temperature band, and lower cost for maintenance and augmentation, whilst posing no fire or thermal runaway risk. These batteries also have a stackable form factor and can last for more than 30-years while being able to cycle multiple times a day”, said Raafe Khan, Director of Energy Storage at Pine Gate Renewables. “We are proud to partner with EnerVenue in bringing this technology to our customers, further bolstering our unwavering commitment to strengthen domestic supply chain and build a sustainable energy storage ecosystem in the United States.”

About EnerVenue

About Pine Gate Renewables

Pine Gate Renewables is a leading renewable energy company focused on project development and strategic financing of solar and storage projects throughout the United States. The company’s Pine Gate Impact initiative contributes to multiple non-profit organizations aimed at improving the environment and local communities. Headquartered in Asheville, NC, Pine Gate Renewables made the Inc. 5000 list in 2021, placing at #37 and named to Fast Company’s Most Innovative Companies list in 2021. Pine Gate Renewables works every day to achieve its mission to “Get Solar Done.” For more information, visit pinegaterenewables.com