Posted in | News | Nanotechnology | Energy

Altairnano Signs Deal for Rapid Commercialization of Grid Energy Storage Systems in China

Altairnano has entered into a memorandum of understanding (MOU) with Shenhua Group’s subsidiaries, Shenhua Science & Technology (Shenhua S&T) and the National Institute of Clean and Low-carbon Energy (NICE), for the development, deployment and promotion of industrial applications of nano-lithium titanate technology-based energy storage systems in China.

As per the MOU, a pilot project will be launched for the deployment and testing of an Altairnano ALTI-ESS Advantage System at one of the wind farms of Shenhua in China. The companies have established a joint working group that will identify the scope of the project. Key objectives of the project include grid stabilization, electricity storage in off-peak times particularly from renewable energy sources, and ancillary service development for the grid.

The newly introduced Altairnano ALTI-ESS Advantage is built on the company’s patented nano-lithium-titanate technology and is suitable for high-power applications thanks to its capability to swiftly charge, store and release energy back into the grid. The company expects that its ALTI-ESS Advantage System will be an important component in the joint pilot project.

Altairnano’s Chief Execuitve Officer, Alexander Lee stated that the pilot project will test, assess and improve performance of energy storage systems in China by analyzing ancillary services such as microgrid stabilization, off-peak energy storage and frequency regulation. The company is happy to join forces with Shenhua who recognized that Altairnano’s technology and expertise in electric grid energy storage systems is matured to fulfill Shenhua’s aggressive growth targets. This deal lays the cornerstone for swift commercialization in the Chinese region.

Shenhua Group is the largest coal producer in the world and largest Chinese integrated energy company.

Source: http://www.altairnano.com

Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.

G.P. Thomas

Written by

G.P. Thomas

Gary graduated from the University of Manchester with a first-class honours degree in Geochemistry and a Masters in Earth Sciences. After working in the Australian mining industry, Gary decided to hang up his geology boots and turn his hand to writing. When he isn't developing topical and informative content, Gary can usually be found playing his beloved guitar, or watching Aston Villa FC snatch defeat from the jaws of victory.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Altairnano. (2019, March 01). Altairnano Signs Deal for Rapid Commercialization of Grid Energy Storage Systems in China. AZoCleantech. Retrieved on May 24, 2024 from https://www.azocleantech.com/news.aspx?newsID=17308.

  • MLA

    Altairnano. "Altairnano Signs Deal for Rapid Commercialization of Grid Energy Storage Systems in China". AZoCleantech. 24 May 2024. <https://www.azocleantech.com/news.aspx?newsID=17308>.

  • Chicago

    Altairnano. "Altairnano Signs Deal for Rapid Commercialization of Grid Energy Storage Systems in China". AZoCleantech. https://www.azocleantech.com/news.aspx?newsID=17308. (accessed May 24, 2024).

  • Harvard

    Altairnano. 2019. Altairnano Signs Deal for Rapid Commercialization of Grid Energy Storage Systems in China. AZoCleantech, viewed 24 May 2024, https://www.azocleantech.com/news.aspx?newsID=17308.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.