Vestas and Northvolt recently announced a technology collaboration to develop a li-ion battery platform for Vestas power plants. As an initial phase of the partnership, Vestas is investing €10-million. With renewable energy generation now cost-competitive with electricity produced from fossil fuels, significant challenges remain in how to integrate renewable energy into power grids and systems, as renewables cannot always match supply with demand. The solution to solving this challenge is storing renewably-generated electricity so it can be provided when needed. Battery storage is a key technology to support the large-scale integration of renewable energy into energy systems and to speed up the transition from fossil fuels to renewable energy. In this context, providers of both wind energy technologies and battery technologies are looking for ways to accelerate this integration. The two companies hope to bring the most competitive and sustainable hybrid storage solutions to the market and to better integrate storage and renewable energy generation technologies as a means to meet broader industry challenges.
Contact Jesper Wigardt, Northvolt, email@example.com
Source: EE plublishers