Hydro-Quebec's new battery unit lands storage project in France
EVLO 500 and EVLO 1000 energy storage systems. Image by CNW Group/Hydro-Québec.
EVLO Energy Storage Inc, a newly-launched energy storage subsidiary of Canadian utility Hydro-Quebec, has landed its first project.
EVLO has signed a memorandum of understanding (MoU) with compatriot Innergex Renewable Energy Inc (TSE:INE) to deliver a 9-MWh storage system for the Tonnere project in France, Hydro-Quebec said Wednesday.
Innergex will install the battery close to its 44-MW Yonne wind farm located in the region of Bourgogne-Franche-Comte and operate the system under a seven-year fixed-price contract for capacity payments with French TSO Reseau de Transport d’Electricite (RTE).
Commissioning is scheduled for late 2021.
EVLO designs, sells and operates lithium iron phosphate (LFP) batteries, targeting mainly power producers, transmission providers and distributors and commercial and industrial (C&I) customers.
Hydro-Quebec said it has racked up over 800 patents over the course of more than 40 years spent on researching and developing battery materials. According to the company, EVLO batteries are 99% recyclable and do not contain any cobalt or rare earths.
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