Our Energy Storage Solutions Platform are “cradle to cradle” long life assets
Q.Tell us more about Imergy’s revolutionary energy storage solutions and its advantages?
Imergy is a US Headquartered company that ha developed an innovative Energy Storage Solutions Platform (ESP). The ESPs, are a series of energy storage devices capable of integrating with not just renewable sources but also with the grid providing high quality and reliable power over with a lifetime of more than 20 years. There are several advantages of an ESP battery. It is extremely safe – the vanadium electrolyte is Non-flammable and non-combustible. It has a very long life – 20+ years compared to 3-4 years of a lead acid battery. It is capable of working in +50 degree centigrade heat in desert climates as well as -20 degree centigrade weather. It needs minimal maintenance over its life time making it extremely reliable. Some of the key advantages is in the ESP’s performance capabilities: It can be charged-discharged limitlessly in a day and from any State of Charge without any effect on performance or wear and tear of the unit. This gives customers extreme flexibility in designing energy and cost–saving strategies.
Q.Shed some light on the company’s latest technology breakthroughs and how is it helping create a greener, economical energy storage system?
Imergy has developed a proprietary chemistry for its batteries using a vanadium based liquid electrolyte. We also do not need to shut down our systems for any chemical reversal process unlike other technologies. This allows the systems to work round-the-clock, squeezing out every cent from expensive grids while passing on maximum cost benefits to our clients. By using a waste byproduct such as fly ash, Imergy has the capability to reduce waste and recycle unwanted material. The electrolyte lasts forever and is fully reusable.
Imergy ESPs have extremely large energy storage capacities, allowing for the mass deployments of renewable energy technologies. By relying less on coal powered unreliable grids, a user can be self-sufficient by self-generating clean power and being carbon neutral or net – zero.
Traditional solid state technologies have a limited cycle life and are consumables. They have a big waste footprint and both high life cycle cost and environmental impact. Our ESPs are “cradle to cradle” long life assets:
- Our electrolyte is fully reusable
- The Balance of Plant is made of recyclable common industrial parts, making it the Electrochemical storage product with the lowest lifecycle environmental impact.
Q.Give some insight into SunEdison’s purchase of 1000 batteries from Imergy? And the supply relationship between the two companies?
Sun Edison is one of the largest solar companies in the world and is also an investor in Imergy. At the recent Re-Invest India conference, both companies collaborated to show-case a solar and storage solution together – a demonstration of an ever growing, progressive relationship. It re-affirms the commitment and faith that Sun Edison has in Imergy’s products. Both companies work jointly in identifying and executing on new opportunities. A purchase commitment of 1000 units from SunEdison is for deployment of long-duration storage for rural electrification. We believe this a strong demonstration of their commitment to Imergy’s storage technology and in its roadmap for the future. Both companies will continue to build on the trust and collaborative relationship that each other share towards the common goal of better, cleaner and affordable energy for the world.
Q.What role do you envision Imergy to play in providing economical and efficient energy storage solutions in enabling 24×7 electricity in India?
Imergy has developed its technologies keeping in mind the needs of developing countries and emerging nations like India. We envision Imergy taking the lead in showing the way towards self-generation and energy independence for all sections of society. We at Imergy envision us being the principal energy solutions provider, solving a multitude of challenges and overcoming existing hurdles to help people receive energy and thereby enabling them.
Q.How do you view the government’s initiatives to drive growth of storage and microgrids in India?
Imergy can be mistakenly seen as a company that provides products for early-adopters only. However, it is inevitable that as people’s aspirations grow, newer and cheaper technology is made available and adopted. India is an extremely dynamic place with changes happening faster than ever before. We are happy to provide a technology that can supply people’s energy needs at a cost far cheaper than building conventional thermal plants and assets associated with it. Imergy can set up microgrids in even remote locations at a very fast pace bringing power to people very quickly. The government’s initiatives have opened up all kinds of opportunities in the energy sector for storage. It provides us the prospect of bringing a readily available modern system, developed and refined over the past decade to solve the country’s energy problems.
Q.Advance energy storage market in India is in its Infancy, what market potential do you see? Your suggestions to unlock the true potential?
The market potentials are enormous. Also the Indian energy storage market is ready for accepting advanced products like Imergy’s ESP. Lead acid batteries have been conventionally used due to the very cheap price point. However companies are realizing the lost capital in short lifecycles and cycling limitations. Modern technology companies are taking the lead in adopting advanced energy storage to drive their operating costs down. The government can help in unleashing the power of energy storage by fast tracking pilot projects for high tech energy storage adoption in remote villages and towns. We can very quickly set up solar farms and be a micro-utility with the help of storage and renewables. The ban of diesel generator-sets in telecom sites is an encouraging shift on decreased reliance in generator-sets to contain air pollution. It would be most helpful if taxes on green energy based technologies are eliminated or reduced. Central and state incentives for energy storage adopters would go a long way in promoting energy storage in India.
Q.Apart from renewable integration what other markets hold potential for energy storage solutions in India?
Apart from renewables, advanced energy storage can provide reliable spinning reserves in conventional fossil fuel plants. It is also vital for a smart grid to have energy storage to mitigate risks of a grid failure and intelligent two-way communication between assets on the grid that effectively respond for ready-operation. As utilities adopt time of use rates, energy storage can help reduce operating costs. It can help in energy arbitrage where utilities can store power into the system at off-peak cheap rates and discharge power from the system at on-peak demand times. Energy storage is also used heavily to rely less on burning diesel. Instead of burning expensive diesel for more than ten hours, the battery could provide ten hours of power at a much cheaper cost.
Q.How important is Indian market for Imergy? What are the other projects that you are currently working on?
Imergy has always recognized India as a very important destination. We view India as a place where we can help people achieve their dreams. Imergy realizes having a great energy landscape in the country is not a far-fetched dream. People should have one less thing to worry about. That is why Imergy’s success can change the world and Imergy has been most committed to India from the beginning. Our India operations’ employs a significant number of employees besides having several Indian customers. We are currently working to provide our biggest Energy Storage Platform to a large IT service company to eliminate their dependence on diesel generators. We recently deployed a medium scale storage project in a remote village in Rajasthan and another one for an engineering college in Bangalore.
Q.What are your plans for Imergy in India? Where do you see Imergy in the near future in the energy storage market in India?
Imergy India will be a Make-In-India hub for our Indian customers. We want to take the Indian Prime Minister’s goal forward to help develop the Manufacturing Sector in India and we are already playing an active role in it. India makes strategic sense for Imergy because of the right fit through what it offers and what India needs. We are here to offer affordable, reliable and safe energy storage solutions. Our smallest systems are in the field for a number of years. Moving forward, we plan to introduce the medium and large scale energy storage systems to major industries that consume high power and aren’t able to access the energy they need to expand their businesses. We also plan to ramp up our service teams and have been utilizing Indian talent to drive business, data analytics, engineering, and sales. We are also actively exploring new and unique opportunities in the country.