Aquion Energy's AHI Batteries and Ideal Power's Power Conversion System Bring Energy Independence and Resiliency to Sonoma Winery
State-of-the-Art Microgrid Project Sets the Stage for Future of Energy Applications
PITTSBURGH, PA and AUSTIN, TX -- (Marketwired) -- 04/26/16 -- Aquion Energy, Inc. (Aquion), developer and manufacturer of Aqueous Hybrid Ion (AHI™) batteries and energy storage systems, and Ideal Power Inc., (NASDAQ: IPWR), a developer of innovative power conversion technologies, announce today the installation of Aquion's AHI™ batteries using Ideal Power's Grid Resilient 30 kW Multi-port Power Conversion System as part of a state-of-the-art microgrid at Stone Edge Farm, a 16-acre organic winery and farm in Sonoma, California. The energy storage project is designed to provide a range of benefits, from integrating renewables to reducing overall energy costs, proving the broad possibilities of microgrid architectures.
The solar PV + storage installation is part of the farm's innovative microgrid and is designed to provide energy for a number of buildings on the site, including the primary residence, offices and workshops. During daylight hours, solar PV provides energy for the buildings and charges the batteries. During nighttime hours and periods of cloud cover, the batteries provide energy for building loads.
The system consists of fourteen 25 kWh Aquion M-Line Battery Modules providing approximately 350 kWh of energy storage capacity, connected to a 32 kW solar array using Ideal Power's 30 kW multi-port power conversion system. The Ideal Power multi-port system architecture enables the direct DC-level connection of solar PV and energy storage in one compact, highly efficient, transformerless package, eliminating the complexities and redundancies of older, AC-coupled systems. Aquion's safe and environmentally friendly battery technology is a unique saltwater chemistry made from abundant, nontoxic materials. The batteries are designed for daily deep cycling in long duration (4+ hour charge/discharge) applications, making them ideal for solar installations.
The microgrid project, developed by Wooster Engineering Specialties, a general engineering contractor, provides solar self-consumption, peak shaving and load shifting services to Stone Edge Farm for energy self-sufficiency and to reduce its carbon footprint. The grid-tied microgrid is capable of islanding and operating autonomously, and is also generating sufficient energy that Stone Edge Farm is able to sell a substantial amount of the energy produced back to local utility PG&E.
"The Stone Edge Farm project is an excellent example of how long-duration advanced batteries plus solar PV can enable on-site renewable energy generation and maximize solar self-consumption. Our clean and sustainable batteries are a natural fit to help the farm meet its zero carbon emissions goal. We're proud to be part of the Stone Edge project and their cutting-edge efforts to leverage clean energy technologies in support of their business and the planet," said Scott Pearson, CEO of Aquion Energy.
"Microgrids utilizing renewable energy and energy storage technologies will be a crucial part of the global energy infrastructure moving forward," commented Dan Brdar, CEO of Ideal Power. "This project will provide an important model for the development of microgrids in the future. We're proud that our power conversion system was selected as part of this Aquion project to help lay the foundation for new energy applications."
Ideal Power and Aquion previously announced a technology partnership in which they tested Ideal Power's power conversion systems alongside Aquion's AHI™ batteries to ensure seamless interoperability and optimal performance for a range of applications. This project is the first commercial deployment of the two companies' technologies alongside one another for an energy storage application.
About Aquion Energy
Aquion Energy is the manufacturer of proprietary Aqueous Hybrid Ion (AHI™) batteries and battery systems for long-duration stationary energy storage applications. AHI™ batteries are optimized for daily deep cycling for residential solar, green architecture, off-grid and microgrid, energy management, and grid-scale applications. Aquion's high-performance, safe, sustainable and cost-effective batteries deliver reliability and value for customers. The company's battery systems provide flexible, modular energy storage that enables broad adoption of renewable energy technologies such as wind and solar, reduced reliance on fossil fuels, and optimization of existing grid-tied generation assets. For more information, visit www.aquionenergy.com.
About Ideal Power Inc.
Ideal Power Inc. (NASDAQ: IPWR) has developed a novel, patented power conversion technology called Power Packet Switching Architecture™ (PPSA). PPSA improves the size, cost, efficiency, flexibility and reliability of electronic power converters. PPSA can scale across several large and growing markets, including commercial grid storage, combined solar and storage, microgrids, and electrified vehicle charging. Ideal Power also has a capital-efficient business model that can enable it to address these markets simultaneously. Ideal Power has won multiple grants for its PPSA technology, including a $2.5 million grant from the Department of Energy's Advanced Research Projects Agency - Energy (ARPA-E) program, and market-leading customers are incorporating PPSA as a key component of their systems. For more information, visit www.IdealPower.com.
Ideal Power Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward looking statements include the predictions that microgrids utilizing renewable energy and energy storage systems will be an important part of the global energy infrastructure and that the project will provide an important model for the development of future microgrids. While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, whether a demand for energy storage products will grow, whether demand for our products, which we believe are disruptive, will develop and whether we can compete successfully with other manufacturers and suppliers of energy conversion products, both now and in the future, as new products are developed and marketed. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
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Source: Ideal Power
Released April 26, 2016