Energy storage technology company CellCube has signed a letter of intent with Pangea Energy to build a 50 MW/200 MWh energy storage system in Port Augusta, South Australia.
The flow battery-based system is due to start operating in 2020 and will be co-located with a 50 MW solar farm being built by Pangea. It will offer multiple grid services such as voltage compensation, reactive power and frequency regulation, as well as renewable baseload to the Australian market.
“The Pangea Storage Project is a wonderful example on how renewable power generation and a safe, reliable and sustainable energy storage technology such as the Vanadium Redox-Flow battery are a perfect symbiosis to provide renewable baseload today”, says Stefan Schauss, CEO of CellCube. “Our new high performing CellCube is three times more efficient than any Power-2-X or Hydrogen technology which will not be available at this scale in the next 3 years. CellCube also offers a lifetime support of 25 years with no degradation or augmentation like needed for lithium. This is real true value for money.”
According to CellCube, the authorities in Australia have reinforced with developers the need for long-duration storage technologies such as flow batteries to allow for a more sustainable and green baseload alternative in the gigawatt-hour range. A number of large-scale energy storage projects have been announced in Australia in recent months using the shorter-duration lithium battery technology.
“From the beginning we had always considered the Vanadium Redox-Flow technology in mind”, Luis Chiang Lin, CEO of Pangea explained, “Australia has massive Vanadium resources and the exploration of vanadium is pretty simple, cheap and does not have the impact on nature and labour conditions such as cobalt or other rare earths in the lithium industry. As such, choosing Vanadium and working with CellCube as market leader in the vanadium related storage industry is a perfect match for our project.”