Startup Enervenue has announced that it has secured 5GWh of customer orders for metal-hydrogen batteries for stationary energy storage, with 25GWh of development space in North America alone.
Enervenue is rapidly advancing the commercialization of this battery based on space applications such as the International Space Station and the Hubble Telescope.
Including the $100 million Series A in the third quarter of last year, they have raised $125 million in funding and recently closed a key material supply deal, and their battery cells have begun production on a semi-automated production line in California. Online production.
Batteries are expected to start mass production by the end of this year, and they also plan to build a gigafactory in the US Midwest to mass-produce the 1.2kWh battery cells, which can be stacked to form larger systems for use in the grid Application scenarios such as scale and distribution.
The advantages of this battery technology include the ability to operate at ambient temperatures of -40°C to 60°C for 30 years, complete approximately 30,000 cycles without aging, and charge and discharge rates between 0.1C and 5C. Enervenue also claims that it can cost-effectively provide 2 to 12 hours of energy storage.
Lithium batteries are still the first choice for stationary energy storage applications today, however, Enervenue has found that a significant number of customers are already willing to choose NiMH batteries, or in some cases, intend to replace Lithium batteries with NiMH.
At the end of June, Enervenue completed the required equipment and material supply agreement with Precision Process and Precious Plate.
Precision Process and Precious Plate will be the exclusive suppliers of Enervenue's production equipment and electrode materials for five years
