A123 Systems (AONE) Lands 20MW Lithium Battery Storage Deal With AES Energy (AES)

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10:52:22 am on February 7, 2011

A123 Systems (AONE) has signed a deal with AES Energy (AES) and will supply 20MW in lithium battery storage solutions for a 500MW power plant in Chile.  This is the 2nd project in Chile the two companies have collaborated on.  Currently, all of its battery storage biz comes from AES, so the technology would be further validated with deals with other utilities.  A123’s storage solutions will provide stability to the electric grid in northern Chile, providing 20MW of backup power immediately if needed in emergency situations. 

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"Today’s announcement builds on the strong relationship we have with AES and further validates A123’s advanced energy storage systems as the ideal solution for frequency regulation, spinning reserve and other ancillary services," said Robert Johnson, vice president of the Energy Solutions Group at A123. "Projects like this and others we are working on demonstrate the commercial viability of our advanced energy storage capabilities, and we expect the technology to play an integral role in increasing the efficiency of ancillary services and enabling the wide-spread integration of renewable energy."

 

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