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

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.

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

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.

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

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.

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. 


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

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.

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

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.

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 

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.”

Read full press release

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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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:

  • DurableOperates 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.