AES energy storage reaches supply agreement with LG chem

AES Energy Storage said on Dec. 15 that it has reached a multi-year agreement with LC Chem for the supply of batteries for AES’ Advancion grid-scale energy storage solution. According to AES, the agreement provides access to several of LG Chem’s battery modules to meet the needs of Advancion installations currently under construction and allows AES to purchase additional batteries to meet the growth for future Advancion system sales.

AES previously announced installations for various customers in six countries totaling 384 MW in operation, construction, or late stage development. Navigant Research projects that more than 11 GW of energy storage capacity will be installed annually by 2020 across 22 countries. “We are excited to provide utilities, developers, and businesses access to high quality batteries at the best prices as part of the complete Advancion grid storage solution,” John Zahurancik, President of AES Energy Storage, said in a statement. “LG Chem is one of our most trusted battery partners and this agreement provides a new scale of activity to serve announced projects as well as installations under development by our utility partners.”

AES said that the supply agreement covers battery modules with configurations ranging from 30 minutes to four hours of discharge duration. AES and LG Chem have also agreed to collaborate on joint development initiatives that will ensure continued competitiveness of the Advancion product in meeting the requirements of utilities and system operators.

In 2014, LG Chem was the first of several battery manufacturers to complete the Advancion Certification process and become a qualified supplier of batteries for Advancion 4. Subsequently, LG Chem was selected to provide batteries for three large-scale Advancion arrays, including the Warrior Run Energy Storage Array that was officially opened on Nov. 13 in Cumberland, Md. Advancion 4 is AES’ fourth generation integrated energy storage solution, which the company said incorporates insights from lessons learned from more than eight years of real world operations of large-scale, grid-connected battery systems built to serve the needs of a long-term asset owner. 

http://www.renewableenergyworld.com/articles/2015/12/aes-energy-storage-reaches-supply-agreement-with-lg-chem.html