Powin Energy issued the following announcement on April 9.
Powin Energy Corporation, a US-based energy storage technology provider, will deliver 10 megawatts (MW)/10 megawatt hours (MWh) of energy storage system to GlidePath Power Solutions for a U.S.-distributed energy storage project to be constructed in 2019, in Electric Reliability Council of Texas (ERCOT) territory. GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in low carbon energy infrastructure. Terms of the sale were not disclosed.
The modular, 10MWh, storage system uses lithium iron phosphate (LFP) batteries that are ideal for longer-duration applications. Powin's Stack™ modular battery systems have been deployed for use in numerous utility-scale, commercial, industrial and microgrid applications including the largest battery storage project in Canada and the largest microgrid storage project in Mexico.
A key reason why Powin's lithium ion Stack™ BESS has been selected by GlidePath for this application is because of the Powin bp-OS, which offers a common battery management system (BMS) and energy management system (EMS) for platform control, regardless of which battery cell sub-supplier Powin chooses from. The result is a highly flexible, scalable storage platform, which is a major advantage of Powin's systems.
"We're thrilled to add GlidePath, one of the leading independent storage developers in the country, to our expanding list of premier customers, and we look forward to growing our relationship as GlidePath develops its nationwide storage portfolio," said Powin President Geoff Brown.
The project will solidify GlidePath's status as one of the largest energy storage developers and IPP's in the US, with over 100MW of commercially operating battery projects. Illinois-based GlidePath is both an owner-operator and turnkey developer of renewable energy and storage facilities. The company has a 1 GW+ greenfield development pipeline of battery storage projects across the US in addition to an operating portfolio of more than 400MW of wind, solar and storage facilities that it acquired over the past 15 months.
"GlidePath's success is built on deploying advanced technology that improves the reliability and efficiency of the electric grid," said Chris McKissack, COO of GlidePath. "The value and capabilities of Powin's battery systems will be critical to the success of our latest storage project."
About Powin Energy Corporation
Powin Energy has developed an advanced, safe and scalable battery energy storage system that is purpose-built for the demands of utility-scale, commercial and industrial, and microgrid applications. The company's Stack140 and Stack225 modular battery systems feature its patented Battery Pack Operating System (bp-OS) which provides critical insight into system functions and lifespan via the proprietary Battery Odometer and Warranty Tracker™. Powin was incorporated in Oregon in 1990 and has spent almost three decades perfecting supply chain management, a key for success in this industry. Combined with the management team's decades of successful leadership experience in the energy, storage and utility industries, Powin Energy is able to deliver exceptional value to large-scale energy projects. For more information, visit http://PowinEnergy.com/.
About GlidePath
GlidePath Power Solutions is a leading developer of distributed power solutions spanning multiple technologies and US power markets based in Chicago, Illinois. Led by a team of power industry veterans, GlidePath has successfully developed multiple battery storage projects in the US and is actively progressing a project development portfolio exceeding 1,000 MW of distributed power capacity featuring various low-carbon power technologies. GlidePath is a portfolio company of Quinbrook Infrastructure Partners, a specialist investor in low carbon energy infrastructure. For more information, visit http://glidepath.net/.
About Quinbrook Infrastructure Partners
Quinbrook Infrastructure Partners (www.quinbrook.com) is a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over US$ 17 billion in energy infrastructure assets since the early 1990's, representing over 30GW of power supply capacity. Quinbrook's investment and asset management team has offices in Houston, London, Jersey, and the Gold Coast of Australia. Quinbrook has completed multiple investments in both utility and distributed scale wind power, gas fired power reserve and 'smart grid' projects in the US, UK and Australia and currently manages Cape Byron Power (www.capebyronpower.com), one of Australia's largest base-load 100% renewable power generators.
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