Altair (ALTI) Announces Successful PJM Market Acceptance of the First Grid-Scale, Battery Energy Storage System
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Altair Nanotechnologies Inc. (Nasdaq: ALTI) announced that its one megawatt (MW), 250 kilowatt-hour battery storage system met requirements to participate in the PJM Regional Transmission Organization (RTO) control area. This milestone marks the first commercial acceptance of an advanced Lithium-Titanate battery to provide grid regulation services in one of the largest electricity markets in the US.
Altairnano is a provider of advanced materials and products for power and energy systems. The company has a joint development agreement with AES Energy Storage LLC, a subsidiary of The AES Corporation (NYSE: AES), to develop grid-scale energy storage applications.
Altair Nanotechnologies Inc. is a Canadian corporation, whose primary business is developing and commercializing nanomaterial and titanium dioxide pigment technologies. [SM]
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