By September 2022, the events plan to put in the vitality storage system (ESS), developed by Hyundai Motor Group. OCI Photo voltaic Energy will procure sure ESS parts and supervise building whereas CPS Power will function the ESS. All will share knowledge from the mission.
After 7-10 years, a lithium-ion battery utilized in an EV might not be as environment friendly as wanted for that use. Nevertheless, that very same battery could also be recycled in an vitality storage utility and supply invaluable vitality storage. This partnership is a significant step in testing this know-how.
“Practically 10 years after we started growing photo voltaic and storage options in Texas, we’re stepping up our green-energy sport. This new collaboration amongst Hyundai Motor Group, CPS Power, and OCI Photo voltaic Energy, will make us one of many first to review the efficiency and value advantages of redeploying EV batteries,” mentioned Charles Kim, CEO & President of OCI Photo voltaic Energy. “We’re proud to have South Korea-based Hyundai Motor Group select CPS Power and San Antonio for this mission.”
“At present, we’re taking a vital step in advancing our know-how with regard to battery storage, because of this new collaboration with OCI Photo voltaic Energy and the Hyundai Motor Group,” mentioned Fred Bonewell, Chief Working Officer of CPS Power. “Evaluating these modern applied sciences is vital to discovering the following firming capability that will be wanted to switch fossil fuels.”
“Hyundai Motor Group will confirm the probabilities and effectiveness of the ESS enterprise within the North American market by way of this partnership,” mentioned Jae Hyuk Oh, Vice President of Power Enterprise Growth Group of Hyundai Motor Group. “The Group plans to increase its vitality resolution enterprise through grafting hydrogen vitality to the battery system and supply flexibility in opposition to vitality volatility within the US electrical energy market.”
SOURCE OCI Photo voltaic Energy