October 18, 2017
CONCORD, North Carolina – Alevo, the energy storage company, today announced the highest score yet from its 2MW GridBank® energy storage unit in Hagerstown MD. The GridBank, using Alevo’s breakthrough inorganic lithium electrolyte in its batteries, features robust technology that received a 98.52% score from PJM’s Performance Compliance Department in advance of re-commencing service uprated to 2MW by 20 October.
“We are very pleased to receive this performance score from PJM today,” said Peter Heintzelman, Alevo CEO, “PJM Reg D Frequency Regulation has one of the toughest signals and multi-cycle duty requirements in the battery industry, and thus has traditional lithium-ion units struggling to achieve adequate performance. Given our 99% availability and superior performance scores in previous operation, we knew our GridBanks would meet the challenge of the PJM signal. Still, it’s nice to get this test result as confirmation and I am proud of our team.”
Alevo is the producer of GridBank® Energy Storage Systems, featuring Alevolyte®, a revolutionary electrolyte technology that is non-flammable, extremely robust, and tested at over 50,000 fully discharged cycles.
250-kilowatts of Alevo Battery Technology will become part of the Duke Energy Microgrid Research Center in Mount Holly, North Carolina. Duke Energy established a testing center at their Mount Holly Training facility a few years ago to explore new microgrid technologies and take an in-depth look at how new microgrid technology can enhance the grid. […]
In late 2014, a virtually unknown company called Alevo announced it was entering the energy storage market with a new inorganic, sulfur-based lithium ion battery technology that it had acquired from the bankrupt German company fortu PowerCell. Alevo entered the U.S. with a big splash, investing over $68 million in the 3.5 million-square-foot former Philip Morris […]
Alevo®, the Energy Storage Provider, has today announced the appointment of Peter Heintzelman as Interim Group Chief Executive Officer (CEO), replacing the recently departed Vlad Baumgertner. Heintzelman will also maintain his Alevo Group CFO role. Peter joined Alevo in January as the Group Chief Financial Officer, and during his tenure, has been instrumental in leading […]