Date: Feb 29, 2019
TORONTO, Feb. 27, 2019 CellCube Energy Storage Systems INC. (“CellCube” the “Company“) (CSE: CUBE) (OTCQB: CECBF) (Frankfurt: 01X) (WKN: A2JMGP) announces Immersa plans to deliver 15 projects this year into the UK market of 20MW/80-120MWH using CellCube energy storage systems. CellCube and Immersa formed a strategic partnership to deliver renewable technology solutions to the grid using energy storage systems (see press January 31,19).
“The partnership with Immersa further recognizes our vanadium redox flow battery as the energy storage system of choice to support renewables and the power grid,” states Mike Neylan, CEO of CellCube. “The levelized cost of vanadium redox flow energy storage systems will continue to drop and open up even more markets.”
Deal Paves Way For 80mwh of Flow Battery Deployment on UK Market
A strategic partnership deal between Canadian firm CellCube Energy Storage Systems and UK-based Immersa aims to bring 20MW/80-120MW of vanadium redox flow battery systems to the UK market, Immersa told ESJ this week.
Following our initial coverage of the deal on February 7, ESJ can reveal that Immersa plans to straddle both short and long term markets with a goal of delivering up to 15 projects this year under multiple operating modes.
The company aims to use flow batteries to also enter the UK’s Firm Frequency Response and demand side response markets, despite flow batteries traditionally associated with the longer duration and longer response applications.
CEO of Immersa, Robert Miles told ESJ he believed there was a current shortage in the deployment of energy storage projects due to a lack of regulatory focus.
The former head of commercial at British Gas said: “The UK energy storage market had a stuttered start due to continuous policy change, contract ambiguity and failure to recognise the benefits of battery storage projects under legislation definitions.
“Even now we see a contradiction between what DNO and National Grid innovations departments and the actual implementation and current policies to which the engineers are working to.
