Alevo Releases First GridBank™ to Parker Hannifin for Installation Testing

August 19, 2016

First commercial unit shipped for assembly and Factory Acceptance Testing ahead of Lewes Delaware deployment

Alevo Group, a leading Energy Storage Provider, today announced that its first GridBank assembly unit has been released from manufacturing for Factory Acceptance Testing ahead of its commercial deployment in Lewes, Delaware.  The testing procedures will be carried out in conjunction with Parker Hannifin, the leading grid tie PCS manufacturer, at its Charlotte, NC facility.

Testing of the GridBank assembly at Parker Hannifin will commence immediately and include live simulation across a variety of applications including peak shifting, frequency regulation and spinning reserve. Alevo Analytics will deliver computer and software systems as part of the testing procedure, commercializing its SCADA system for processing alarms, measurements and controls, in addition to delivering a Data Collector and MESA viewer system for local monitoring and control of the battery system once it has been installed in Lewes. The tests will also see the full integration of the Parker Hannifin inverter technology with the Alevo Battery Technology to create a complete GridBank experience.

“We have watched the development of the GridBank since its inception and it is exciting to see the technology commercially deployed,” explained Jim Hoelscher, General Manager of the Energy Grid Tie Division of Parker Hannifin.  “Parker will conduct a variety of tests as part of the validation program for the Lewes project. We look forward to validating the GridBank’s promising capabilities that include high power, long life and a safe, non-flammable electrolyte and are pleased to have played a key part in completing the commercialization.”

Once testing is complete, the GridBank will be shipped to the City of Lewes, Delaware, the location for the first commercial deployment of Alevo’s Battery Technology as revealed earlier this year. The installation of the GridBank will involve the repurposing of a retired oil-fired generator building once operated by the Lewes Board of Public Works (BPW). Once complete, the deployment will be the largest of its kind in the State of Delaware.

“The commercial release of the first GridBank assembly marks a historic point of transition and scale-up of Alevo from lab to buildup of the manufacturing line towards the commencement of mass production of GridBank units,” states Per Dybwad, CEO of Alevo Group. “What started as a bare-bones factory just two years ago has been transformed through investment and hard work into a state-of-the-art battery and GridBank systems manufacturing center.”

About Alevo Analytics

Alevo Analytics provides advanced analytics and simulation capabilities, business intelligence and advisory services with a primary focus on the power and energy sectors. It collaborates with customers to provide unique insights regarding where the deployment of distributed energy resources will yield the greatest benefits while demonstrating the efficiencies which can be realized across the electricity supply chain.

About Alevo GridBank

The Alevo GridBank™ is an advanced lithium-ion storage enclosure, comprising multiple arrays of battery cells housed in a single container and governed by a software management system. Through the use of a breakthrough inorganic electrolyte, Alevolyte™, the batteries offer unparalleled safety, high power and extreme long life, making the GridBank ideally suited to providing multiple services to the grid to facilitate higher rates of energy efficiency, as well as a more efficient use of capital already invested in the grid infrastructure. GridBanks enhance grid stability with service applications including frequency regulation, renewables integration and voltage control.

About Alevo

Alevo, a leading provider of energy storage is redefining energy as a developer, manufacturer and provider of grid-scale energy storage solutions featuring GridBank™ & Alevo Analytics. GridBank Lithium-Ion batteries feature a proprietary inorganic electrolyte (Alevolyte™), which is non-flammable and offers extreme long life and stability. Alevo’s vertically engineered turnkey energy storage solution can be placed anywhere on the electricity supply chain, to reduce energy waste, lower greenhouse gases and other emissions, create efficiencies and lower costs. Founded in 2009, Alevo is headquartered in Switzerland with GridBank manufacturing in the US.

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Media contact information found on www.alevo.com/contact/.

 

About Parker Hannifin Corporation

With annual sales of approximately $13 billion in fiscal year 2015, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets.  The company employs approximately 55,000 people in 50 countries around the world.  Parker has increased its annual dividends paid to shareholders for 59 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.  For more information, visit the company’s website at www.parker.com, or its investor information website at www.phstock.com.


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