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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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