Ener1 (HEV) Subsidiary to Supply U.S. DoE Smart Grid With Lithium-Ion Batteries
Advanced lithium-ion battery maker EnerDel, part of Ener1, Inc. (NASDAQ: HEV), will enter the utility-scale energy storage market, supplying batteries for a major new smart grid program announced yesterday by the US Department of Energy. EnerDel will build the batteries for five one-megawatt power systems that will be used by Portland General Electric (PGE) - a pioneer in smart grid technology deployment -- to help manage peak demand and smooth the variations in power from renewable sources like wind and solar.
Each of the five EnerDel battery systems will store enough energy to power roughly 400 average American homes simultaneously for up to an hour at a time utilizing the same core chemistry as the EnerDel batteries designed for the emerging new generation of plug-in hybrid electric vehicles. The new systems will be used in concert with a variety of both hardware and software solutions to improve system reliability during peak demand loads.
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