March 14 (Renewables Now) - Canadian batteries maker CellCube Energy Storage Systems Inc (CNSX:CUBE) has tied up with an unnamed US energy asset development firm to jointly build up to 100 MW of energy storage capacity in the US.
The projects will be developed within the next 24-36 months, offering off-take agreement resources for independent system operators and regional transmission operators. The plan includes standalone plants or storage facilities collocated with solar photovoltaic (PV) systems to offer power market traded energy and ancillary services products, CellCube said on Wednesday.
"The Company is signaling a long-awaited milestone for deployments of energy storage systems in new capacity driven market applications based on the vanadium redox flow technology," said Stefan Schauss, president of CellCube. He added that the Canadian firm aims to become a reliable partner in energy storage as grid capacity.
The US projects will include both front-of-the-meter and behind-the-meter deployments.