enervenue – 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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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.

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.

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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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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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.

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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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