Australia's Avid Group Signs Agreement with Enervenue for Nickel-Hydrogen Energy Storage Vessels
Key Ideas
  • Avid Group has signed a master supply agreement with Enervenue to provide nickel-hydrogen energy storage vessels in Australia, offering benefits over lithium-ion batteries.
  • Enervenue's nickel-hydrogen technology can withstand 30,000 duty cycles, operate at temperatures between -40 C and 60 C, and is backed by a 20-year warranty.
  • The technology is deemed well-suited for edge-of-grid or off-grid locations, with ultra-low maintenance and lower levelized cost of storage compared to lithium-ion alternatives.
  • Enervenue's technology is expected to bring transformative benefits to Avid's customers in terms of resiliency, reduced operational expenses, and safety due to the absence of thermal runaway risk.
Avid Group, an electrical engineering specialist based in Perth, Australia, has entered into a master supply agreement with US-based Enervenue to bring nickel-hydrogen energy storage vessels to Australian customers. Enervenue's technology offers clear advantages over traditional lithium-ion batteries in grid-scale, commercial, and industrial applications. The vessels are designed to withstand 30,000 duty cycles, operate within a wide temperature range, and come with a remarkable 20-year warranty guaranteeing high battery capacity retention. Avid plans to showcase the technology at its manufacturing facility, anticipating a reduction in energy costs and emphasizing the operational excellence of the solution. Enervenue's Chief Revenue Officer highlighted the suitability of their technology for Avid's customers, particularly those in remote locations, emphasizing the low maintenance and cost-effectiveness of the nickel-hydrogen batteries. The technology's resilience and safety features, including the absence of thermal runaway risk, make it a compelling choice for commercial, industrial, mining, and microgrid applications.
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