CellCube, Pangea join hands in 50MW/200MWh Aussie storage project

Canadian vanadium redox flow batteries maker CellCube Energy Storage Systems Inc (OTCMKTS:CECBF) has tied up with Australia’s Pangea Energy Pty Ltd to jointly build a 50-MW/200-MWh energy storage facility in Port Augusta, South Australia.

The parties have signed a Letter of Intent (LOI) on the project, the Canadian firm said on Tuesday. It is taking part in the initiative through its Austrian subsidiary Enerox GmbH.

The proposed battery storage system will provide voltage compensation, reactive power and frequency regulation services and will also deliver baseload generation from a co-located 50-MW solar park that will be installed at the site. After completing due diligence and review of off-take conditions, the partners will start construction late this year with the aim of bringing the facility online in 2020.

Pangea Energy will build, own and operate the system, deploying CellCube’s vanadium redox flow technology in the AUD-200-million (USD 224.2m/EUR 123.7m) project. It will also procure other products and services from CellCube, which may include an electrolyte service as a co-funding mechanism, it said in the press release.

The battery storage project was launched by Pangea in 2016.

(AUD 1.0 = USD 1.121/EUR 0.618)

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