Uncategorized – EnerVenue, Inc.

October 18, 2023

EnerVenue Enters the South American Market via 525 MWh Master Supply Agreement with VedantaESS

Brazil-headquartered VedantaESS will procure EnerVenue’s Energy Storage Vessels™ for use across utility, distributed generation, and isolated microgrid applications

Fremont, Calif. and São Paulo, Brazil – MONTH XX, 2023 – 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 VedantaESS. Per the terms of the deal, VedantaESS will procure and deploy 525 MWh of EnerVenue’s Energy Storage Vessels™ (ESVs) over the next three years.

The partnership with VedantaESS is EnerVenue’s first deal in South America. The company continues to execute an accelerated global sales strategy that has delivered EnerVenue’s energy storage solutions into applications across the world

The Master Supply Agreement with VedantaESS will increase EnerVenue’s supplied energy storage annually, with 75 MWh in 2024, 150 MWh in 2025, and 300 MWh in 2026. VedantaESS will utilize EnerVenue’s ESVs to service Brazil’s growing demand for clean energy, including via distributed generation, isolated microgrids, and commercial, industrial, and utility applications. São Paulo-based VedantaESS provides customers with energy storage project design and management, including energy storage management software, assembly of the battery solution, installation services, technical support, and other products and services that meet the diverse and evolving requirements of the Brazilian energy market. The company’s offerings are designed to significantly reduce customers’ energy costs, increase the market penetration of sustainable and renewable energy, and improve the reliability of energy services across the country.

“At VedantaESS, our mission is solving the significant renewable energy challenges that Brazil faces by strategically applying innovative-yet-proven technologies,” said Richard Phillips, President, VedantaESS. “With its unique metal-hydrogen batteries, EnerVenue’s solutions provide tremendous longevity, reliability, safety, cost-efficiency and, importantly, flexibility. The ESVs will be valuable to our customers across each of the LDES applications we work with. We’re proud to be the first organization to partner with EnerVenue in South America and are eager to bring the benefits of this supply agreement to our customers.”

“VedantaESS understands that long-duration energy storage must go beyond lithium-ion and has smartly grown its organization around sourcing and supplying advantageous alternatives for customers,” said Randall Selesky, Chief Revenue Officer, EnerVenue. “EnerVenue fits perfectly into VedantaESS’ strategy to bring flexible, and sustainable solutions to the Brazilian and South American markets. We look forward to working closely with them and bringing our ESVs into more applications.”

ESVs offer ultra-long life, efficiency, and flexibility via a highly configurable and scalable product architecture. ESVs feature an expected lifetime of 30 years / 30,000 cycles, deliver 86% capacity after 30,000 cycles, and can cycle up to three times per day without rest. In stark contrast to lithium-ion for stationary applications, metal-hydrogen ESVs deliver enhanced fire safety with zero thermal runaway or propagation risk, eliminating the need for expensive fire suppression solutions. ESVs also are almost entirely recyclable, providing a superior choice to lithium-ion storage systems from a sustainability and environmental responsibility perspective.

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.

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September 6, 2023

EnerVenue Launches the Next Generation of its Energy Storage Vessels™ (ESVs)

With significant increases to energy capacity, density, and power—as well as improved monitoring intelligence and temperature performance—the new ESVs offer an even more advantageous stationary storage solution

FREMONT, Calif. – September 6, 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 launch of the company’s next-generation Energy Storage Vessels™ (ESVs).

The newest version of EnerVenue’s batteries extends the solutions’ durability, operational flexibility, and cost-efficiency benefits for stationary storage projects across myriad use cases. The highlights of the new ESVs include the following improvements over the previous versions:

Capacity: Next-generation ESVs deliver 150% more energy storage capacity than previous versions.
Density: With improved materials efficiency, the new ESVs increase energy density by 100%.
Power: Nominal power performance improves by 150%.
Monitoring intelligence. Each ESV is monitored for temperature, pressure, and voltage—improving operations with more granular and accurate vessel and state-of-charge data.
Temperature performance: Already built to operate in extreme hot and cold environments, the new ESVs are further optimized for consistent performance across an especially wide range of temperatures.

EnerVenue’s next-generation ESVs continue to deliver proven and demonstrable advantages over lithium-ion for grid-scale, commercial, and industrial deployments—with unique and unparalleled battery durability, safety, and operational flexibility. Next-generation ESVs have an ultra-long 30-year 30,000-cycle expected lifespan, and a projected 86% capacity after 30,000 full cycles. Because metal-hydrogen ESVs pose zero thermal runaway risk and no risk of fire propagation, deployments require no complex and costly fire suppression or robust HVAC systems.

The next-generation ESVs can flexibly cycle up to three times per day, at 2 to 12-hour discharge rates, enabling unique applications and business models for developers, integrators, and owners. Revenue stacking opportunities can also be maximized because of the solution’s applicability to so many clean energy use cases.

“Our new Energy Storage Vessels advance our solution’s energy capacity, density, and power performance, and continue to add to our battery’s advantages over lithium-ion systems,” said Majid Keshavarz, Chief Technology Officer, EnerVenue. “As lithium supply chain problems and other factors continue to threaten its long-term viability in stationary storage, ESVs offer clear differentiation. Our metal-hydrogen solution uses Earth-abundant materials and, in contrast to lithium-ion systems, does not require augmentation to maintain performance over the battery’s 30-year, 30,000-cycle lifespan. Fire-prone lithium-ion systems also require robust HVAC and fire suppression systems that our next-generation ESVs do not, reducing customers’ cost and operational requirements.”

The next-generation ESVs are backed by EnerVenue’s Capacity Assurance™, the industry’s longest, simplest, and most straightforward extended warranty for stationary batteries, offering an unmatched 20-year/20,000 cycle warranty extension that guarantees at least 88% battery capacity remaining after that period.

Certifications and standards testing on the new ESVs is underway. The batteries will be produced at the company’s one-million-square-foot gigafactory in Shelby County, Kentucky, where the plant is being designed with manufacturing lines to support production at scale. Already backed by large-scale deals from Pine Gate Renewables, Nicon Industries’ Green Energy Renewable Solutions and others, volume manufacturing and the new design of EnerVenue’s next-generation ESVs are expected to significantly accelerate profitability for the company.

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.

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June 29, 2023

EnerVenue Adds Rob Willy as Senior Vice President of Manufacturing

Bringing extensive experience and leadership with large manufacturing projects and strategy, Willy will be based at EnerVenue’s new one-million-square-foot gigafactory in Kentucky.

FREMONT, Calif., May XX, 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 Rob Willy as Senior Vice President, Manufacturing. Willy brings decades of experience in manufacturing acumen and new product launches to EnerVenue. He will lead manufacturing operations and optimization at EnerVenue’s new gigafactory in Shelby County, Kentucky.

Willy joins EnerVenue with 20+ years of leadership experience at General Electric Appliances. He headed the company’s Advanced Manufacturing Engineering team and served as Plant Manager across several U.S. factories. Among his accomplishments at GE Appliances, Willy was instrumental in rebuilding manufacturing capabilities that enabled significant business growth and created jobs for U.S.-based workers. Most recently, Willy has served as the Vice President of Manufacturing at Fortna for the past two years, where he led three manufacturing sites that built high-volume capital equipment to enable industry-wide expansion of e-commerce and intralogistics networks. Willy holds a B.S. in Industrial and Manufacturing Systems Engineering from Ohio University.

“EnerVenue has quickly made a name for itself as a clear alternative to lithium-ion for large-scale clean energy projects,” said Willy. “The cost, durability, versatility, and sustainability benefits of EnerVenue’s Energy Storage Vessels™ have become clear to developers, utilities, and partners, and production must accelerate to meet demand. EnerVenue is doing just that with its massive gigafactory and strategic materials and equipment deals. As a long-time resident of Kentucky, I’m especially excited to lead manufacturing operations at our gigafactory and bring high-paying advanced manufacturing jobs to Shelby County.”

In the plants he has led, Rob has launched the Toyota Production System and employed Lean problem-solving methodology to drive next-level productivity gains, operational efficiency, and world-class quality. He was an early adopter of Industry 4.0 to enable real-time problem-solving through shop floor visualization and automation.

“Rob gives EnerVenue the proven leadership we need as we begin production in our gigafactory,” said Jorg Heinemann, CEO, EnerVenue. “He brings a unique blend of technical and operational expertise, and has been very successful at building and developing strong teams that optimize plant performance and efficiency. As we embark on the next chapter at EnerVenue—one of significant scale to bring our storage solutions to more customers—the experience and insight Rob adds to our manufacturing direction is pivotal.”

EnerVenue’s gigafactory is expected to begin production in 2024. The company expects to invest in excess of $1 billion to expand to more than 20 GWh per year across its domestic manufacturing sites in subsequent phases. The company has more than 7 GWh of customer commitments from Pine Gate Renewables, Nicon Industries’ Green Energy Renewable Solutions, and others.

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June 6, 2023

EnerVenue and High Caliber Energy Partner to Provide Grid-Scale Energy Storage to Florida

High Caliber Energy led a large U.S. energy company’s search for long-duration and cost-effective battery systems, resulting in a 25 MWh order of EnerVenue Energy Storage Vessels™

FREMONT, Calif. and MIAMI, Fl. – June 6, 2023 – EnerVenue, the first company to bring metal-hydrogen batteries to the clean energy revolution, and High Caliber Energy, a Florida-based consulting and EPC firm specialized in LNG and renewables, today announced that EnerVenue will supply a 25 MWh order of Energy Storage Vessels (ESVs) for High Caliber Energy’s client, a leading energy company based in the Southeastern United States. Delivery on the ESV order will be fulfilled by Q4 2024 and will support a large project providing energy storage for residents in Florida.

High Caliber Energy integrates the best in proven and emerging technologies to develop customized, advanced, and cost-effective power systems that lower operating costs, meet ESG goals, and improve resilience. In this use case, High Caliber Energy has assisted one of its large U.S. energy clients in evaluating solar and battery energy storage system (BESS) technologies with a focus on safety, value, support, and battery lifespan. That vetting process led the client to select EnerVenue ESVs as an ideal fit for its Florida energy storage project and its expanding solar plus storage integrations. The ESVs will primarily be used to provide needed load-leveling and frequency regulation.

“When you compare stats across the array of available stationary energy storage technologies, EnerVenue’s jump off the page for their operational efficiency, reliability, flexibility, and cost-effectiveness,” said Matt Davis, Managing Partner, High Caliber Energy. “We’re proud to partner with EnerVenue, and we look forward to using ESVs to meet our client’s expanding clean energy initiatives in Florida.”

Energy Storage Vessels are the second generation of EnerVenue’s differentiated metal-hydrogen battery technology, offering ultra-long life, efficiency, and flexibility via a highly configurable and scalable product architecture. ESVs feature an expected lifetime of 30 years / 30,000 cycles, deliver 86% capacity after 30,000 cycles, and can cycle up to three times per day without rest. In stark contrast to lithium-ion for stationary applications, metal-hydrogen ESVs are fire-safe with zero thermal runaway or propagation risk, eliminating the need for expensive fire suppression solutions. ESVs also are almost entirely recyclable, providing a superior choice to lithium-ion storage systems from a sustainability and environmental responsibility perspective.

“We’re excited to bring our Energy Storage Vessel technology to Florida through our partnership with High Caliber Energy,” said Randall Selesky, Chief Revenue Officer, EnerVenue. “High Caliber Energy has earned its reputation as a dependable, strategic advisor to energy providers and utilities. They are trusted to optimize storage projects that must meet stringent demands, and EnerVenue does just that by delivering superior performance while also achieving a low levelized cost of energy storage.”

In addition to recent supply deals, EnerVenue also recently announced the company is opening a one-million-square-foot gigafactory in Kentucky to scale production.

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About High Caliber Energy

High Caliber Energy provides trusted energy solutions for large industrial and utility clients in the SE United States and Caribbean. High Caliber specializes in natural gas to power microgrids with renewable energy components using the best available technologies and logistics to create efficient and resilient power infrastructure.

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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 the UL1973 standard. 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 the UL 1973 standard, 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.

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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.

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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.

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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.

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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.”

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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.

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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

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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.

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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.”

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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

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September 8, 2021

Schlumberger New Energy Enters into Agreement with EnerVenue for Metal-Hydrogen Stationary Energy Storage Solutions

This strategic investment provides Schlumberger with access to the fast-growing stationary energy storage solutions market through differentiated technology

HOUSTON, September 8, 2021—Schlumberger New Energy announced today an investment and collaboration agreement to deploy EnerVenue’s uniquely differentiated nickel-hydrogen battery technology, which is a key enabler of stationary energy storage solutions. Schlumberger New Energy and EnerVenue will work together to progress large-scale deployment of nickel-hydrogen battery technology across selected global markets.

Energy storage solutions are critical to the evolution of the energy mix as the energy transition demands greater contribution from renewable sources. The focus on expanding electrification is accelerating the need for large scale deployment of safe, cost effective, sustainable and reliable stationary energy storage solutions. There is a rapidly growing market for such solutions across utility-scale grid storage, off-grid commercial and industrial storage, and residential sectors.

“At Schlumberger, we’re eager to leverage our technology expertise and global footprint in introducing EnerVenue’s technology to this important emerging market,” said Ashok Belani, Executive Vice President, Schlumberger New Energy. “We are excited about the potential this technology holds for the energy transition.”

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April 21, 2021

EnerVenue Announces Distribution Partnership with Towngas to Supply Metal-Hydrogen Renewable Storage for Towngas’ Clean Energy Transformation

Towngas becomes EnerVenue’s exclusive distribution partner in China and Hong Kong; EnerVenue’s ultra-durable, ultra-flexible grid-scale batteries will support Towngas’ zero-carbon smart energy platform

FREMONT, Calif. and HONG KONG , April 21, 2021 (GLOBE NEWSWIRE) — EnerVenue, the first to bring metal-hydrogen batteries to the clean energy revolution, today announced a distribution agreement with Towngas, Hong Kong’s first public utility and one of the largest energy suppliers in Greater China. As Towngas executes on its launch of a comprehensive and interconnected zero-carbon smart energy platform, EnerVenue’s no-maintenance and lower cost alternative to lithium-ion batteries have been selected for the exclusive distribution partnership. As part of the agreement, Towngas will deploy EnerVenue’s energy storage systems to its own projects and distribute the system to its customers, subject to certain terms and conditions.

“EnerVenue has developed truly groundbreaking energy storage technology for the clean-tech revolution,” said Peter Wong, Deputy Managing Director of Towngas. “We see its battery technology is remarkable due to the simplicity, durability, safety, and cost-efficiency of the unique solution they have developed. Mainland China’s green initiatives will definitely offer a great opportunity for the product.”

EnerVenue, founded in 2020, develops metal-hydrogen batteries based on technology proven over decades under extreme aerospace conditions – including powering the International Space Station and Hubble Space Telescope. Under the research leadership of Dr. Yi Cui, Professor of Materials Science and Engineering at Stanford University and the Chief Technology Advisor to EnerVenue, the company has engineered a solution that realizes the performance and durability advantages of metal-hydrogen battery chemistry while using low-cost materials that make the battery’s benefits accessible to terrestrial grid-scale applications under even the most challenging climates.

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August 27, 2020

EnerVenue Launches with $12 Million in Funding to Bring Aerospace-Proven Metal-Hydrogen Battery Technology into the Clean Energy Revolution

A zero maintenance and lower cost alternative to lithium-ion batteries, EnerVenue has discovered how to make metal-hydrogen battery technology available to large-scale stationary energy storage applications – even in the most challenging climates

FREMONT, CA – August 27, 2020 – EnerVenue, the first to bring metal-hydrogen batteries to the clean energy revolution, launched today with $12 million in seed funding. The investment enables EnerVenue to accelerate development of its safe, maintenance-free, and cost-efficient clean energy storage solution. Based on technology proven over decades under the most extreme aerospace conditions – including powering the International Space Station and Hubble Space Telescope – EnerVenue now brings metal-hydrogenbatteries to the mass market with compelling financial and performance advantages over lithium-ion and other incumbent renewable energy storage alternatives.

“As an example of metal hydrogen batteries, nickel-hydrogen batteries have proven to be an incredibly powerful energy storage technology – albeit an expensive one – for the aerospace industry over the past 40 years,” said Dr. Yi Cui, a Professor of Materials Science and Engineering at Stanford University, and Founder, Chairman of the Board and Chief Technology Advisor, EnerVenue. “The performance and longevity of nickel-hydrogen batteries is well-established and second to none. We’re now able to deliver the same performance and durability at a breakthrough competitive price using new low-cost materials.”

Renewable energy generation is expected to account for more than half the world’s power supply by 2035, rising to 75% by mid-century. The cost of lithium-ion batteries has decreased quickly and markedly, enabling more enterprises and utilities to harness renewable energy sources at scale. However, lithium-ion batteries – as well as lead acid or redox flow alternatives – incur relatively high operating expenses, struggle in extreme hot or cold climates, have a limited lifespan, and can impose safety and environmental challenges. The EnerVenue’s metal-hydrogen batteries can last more than 30 years, with cost-per-kilowatt-hour cycles as low as a penny.

“Ultra-long battery life with zero maintenance requirements even in the harshest climates is game-changing for stationary use cases such as solar plants in hot desert environments, wind farms, and micro-grids in difficult-to-reach locations,” said Jorg Heinemann, CEO, EnerVenue.

The EnerVenue metal-hydrogen batteries are developed for large-scale renewable and storage applications and designed to be:

Durable: Operates in -40° to 140°F ambient temperatures; 30+ year lifespan; 30,000+ cycles without degradation; excellent overcharge, overdischarge, and deep-cycle capabilities.
Safe: No fire or thermal runaway risk; no toxic materials; easy to recycle.
Flexible: Broad charge/discharge range of C/5 to 5C; future-proof with no limitations on use cases; scalable form factor for grid-scale implementations.
Maintenance-free: No moving parts; 30+ year lifespan with no routine maintenance or augmentation.
Affordable: Low-cost materials; CAPEX that beats lithium-ion learning curves; no ongoing maintenance costs.
Proven: Nickel-hydrogen batteries have completed more than 200 million cell-hours in orbital spacecraft and more than 100,000 charge/discharge cycles.

The seed round is led by Dr. Peter Lee, Chairman of Towngas, a leading energy company in Asia with 158 years of history, and includes Doug Kimmelman, founder of Energy Capital Partners. “Our investors bring more than capital – and we’re very excited about the investing team that has come together for our seed round,” said Heinemann. “EnerVenue will also benefit tremendously from the manufacturing facilities our investors provide for development, and the access we now have to captive projects where we can clearly demonstrate the bankability of what we are bringing to the market.”

“Most analysts predict our overall energy mix shift to at least 75% renewable by 2050,” said Kimmelman. “The world has been assuming a major battery breakthrough to support that shift. EnerVenue will be one of the companies delivering the energy storage breakthroughs we need.”

EnerVenue was founded out of EEnotech, a materials-focused startup foundry that incubates and accelerates nanotechnology-driven solutions to water purification, grid-scale energy storage, smart wearable textiles and other energy and environment problems. Meng Sui, CEO of EEnotech said “EEnotech has established a mechanism to source breakthrough technologies from top institutions and develop fast into commercial prototypes with capital efficiency. EnerVenue is a great example.”

About EnerVenue

EnerVenue builds simple, safe, maintenance-free energy storage for the clean energy revolution – based on technology proven over decades in extreme conditions, now scaled for large renewable energy integration applications. The first to bring aerospace-proven metal-hydrogen battery technology into the clean energy revolution, EnerVenue provides an affordable alternative to lithium-ion batteries with capabilities well-suited to harsh-desert, remote project sites and to customers desiring ‘install and forget’ energy storage solutions. The company is headquartered in Fremont, California. EnerVenue is a spinout of EEnotech, a materials-focused startup foundry that incubates and accelerates nanotechnology-driven solutions to water purification, grid-scale energy storage, smart wearable textiles, and other energy and environmental problems.