ESS to Deliver Long-Duration Energy Storage Solutions to Sapele Power to Improve Generation Efficiency
2024年5月7日 - 10:00PM
ビジネスワイヤ（英語）
Partnership demonstrates key LDES use case and
the largest U.S. government-financed battery storage system export
to Africa to date
ESS Tech, Inc. (“ESS”) (NYSE: GWH), a leading manufacturer of
long-duration energy storage systems (LDES) for commercial and
utility-scale applications, today announced that it has partnered
with Sapele Power Plc (“Sapele”), a leading Nigerian integrated
energy company specializing in power generation, to provide an
initial 1 MW / 8 MWh of long-duration energy storage. This
agreement represents the largest battery storage system export to
Africa financed by the Export-Import Bank of the United States of
America to date and will improve the efficiency of Sapele’s
existing assets by providing ancillary services.
According to the International Energy Agency, an estimated 40%
of all the electricity consumed in Nigeria is produced from backup
generators due to unreliable power supply caused by limited grid
infrastructure, underinvestment and ineffective regulatory
frameworks. Projects such as this demonstrate the opportunity to
improve grid reliability and efficiency through the addition of
battery storage resources.
As ESS’ first project in Africa, the company’s iron-flow
technology will provide safe and sustainable LDES which will enable
load-smoothing, peak demand shifting and enable the Sapele power
station’s turbines to ramp up and down efficiently.
“As we continue to grow and meet global demand for long-duration
energy storage, we are proud to serve innovative use cases,
demonstrating the many potential applications for ESS technology,”
ESS CEO Eric Dresselhuys said. “This project demonstrates Sapele’s
leadership in ensuring reliable electricity for homes and
businesses with greater capital efficiency, which will be key to
creating a sustainable and resilient energy system across
Africa.”
"This project will deliver improved reliability and efficiency
for our generation assets in Nigeria,” said Sapele Board Member
Heather Onoh. “We are pleased to partner with ESS to deploy the
first iron flow battery system in Africa. Long-duration energy
storage will play a critical role in a resilient, reliable energy
system and this is just the first of many LDES projects that we
anticipate in coming years.”
ESS’ sale to Sapele was supported by the Export-Import Bank of
the United States (EXIM), the official export credit agency of the
United States that aims to support American jobs by facilitating
the export of U.S. goods and services. The deal will be financed in
part by EXIM and is one of the first energy storage projects in
Nigeria and the entire sub-Saharan Africa region.
About ESS At ESS (NYSE: GWH), our mission is to
accelerate global decarbonization by providing safe, sustainable,
long-duration energy storage that powers people, communities and
businesses with clean, renewable energy anytime and anywhere it’s
needed. As more renewable energy is added to the grid,
long-duration energy storage is essential to providing the
reliability and resiliency we need when the sun is not shining and
the wind is not blowing.
Our technology uses earth-abundant iron, salt and water to
deliver environmentally safe solutions capable of providing up to
12 hours of flexible energy capacity for commercial and
utility-scale energy storage applications. Established in 2011, ESS
Inc. enables project developers, independent power producers,
utilities and other large energy users to deploy reliable,
sustainable long-duration energy storage solutions. For more
information visit www.essinc.com.
Forward-Looking Statements This communication contains certain
forward-looking statements regarding ESS and its management team’s
expectations, hopes, beliefs, or intentions regarding the future.
The words “estimate”, “expect”, “will” and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. Examples of
forward-looking statements include, among others, statements
regarding the status and performance of ESS equipment deployments
with its customers and partners. These forward-looking statements
are based on ESS’ current expectations and beliefs concerning
future developments. Many factors could cause actual future events
to differ materially from such expectations, including, but not
limited to, disruptions, or quality control problems in the
Company’s manufacturing operations; as well as those risks and
uncertainties set forth in the section entitled “Risk Factors” in
the Company’s Annual Report on Form 10-K for the twelve months
ended December 31, 2023, filed with the Securities and Exchange
Commission (the “SEC”) on March 14, 2024, and its other filings
filed with the SEC. Except as required by law, ESS is not
undertaking any obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240507045429/en/
Investors: Erik Bylin Investors@essinc.com Media: Morgan Pitts
503.568.0755 morgan.pitts@essinc.com
ESS Tech (NYSE:GWH)
過去 株価チャート
から 11 2024 まで 12 2024
ESS Tech (NYSE:GWH)
過去 株価チャート
から 12 2023 まで 12 2024
