Amber Kinetics, Inc. announces signing a landmark, multi-year Energy
Services Agreement (ESA) with Pacific Gas and Electric Company (PG&E)
for 20 megawatts of storage using its game changing, four-hour duration Gen-2
Flywheel Systems©. The company believes its steel flywheel
technology will drive down pricing while enhancing operational safety
and flexibility for utility-scale energy storage.
Amber Kinetics Gen-2 Flywheel Systems© are the first four-hour
discharge duration flywheels. Until now, commercial flywheel system
capabilities were measured in minutes, with limited usefulness to
electric utilities seeking to integrate renewable energy at transmission
and micro-grid levels.
Amber Kinetics’ technology offers critical advantages over batteries.
Even with unlimited cycling during their 30-year lifespan, the systems
have no degradation. Because they are 98% steel by weight, they pose no
risk of fire, chemical explosion or hazardous materials release. Most
important, because they are manufactured from readily available,
abundant raw materials and don’t need replacement at regular intervals,
they are significantly more cost effective than batteries.
Energy Nuevo, Amber Kinetics’ 20 MW project located in the city of
Fresno, was selected by PG&E in California’s first energy storage
solicitation. It is believed to be one of the largest ever for a
transmission level flywheel system. Energy Nuevo will provide energy
storage under a 20-year ESA, beginning in 2020.
“Our flywheel systems are designed to be safe, sustainable and highly
reliable,” said Ed Chiao, chief executive, Amber Kinetics. “Our vision
is to provide cost effective, flexible capacity for utilities looking to
use storage to reduce costs and integrate renewable resources.”
The company is in negotiations for up to 30 MW of energy storage systems
with a Pacific Rim independent power producer, and in discussion for
several pilot microgrid programs at U.S. military installations.
Amber Kinetics’ corporate offices and pilot manufacturing facility are
located in Union City, CA, near San Francisco. The company is vertically
integrated, manufacturing its technology and developing energy storage
projects using its flywheel system -- a common model in the PV solar
The company’s core development team is comprised of veterans of the
utility-scale PV solar boom, including those who received one of the
first contracts under California’s Renewables Portfolio Standard. It
became the first transmission level PV facility to connect to the
California grid. The company has recruited deep manufacturing expertise.
For information, visit amberkinetics.com
or call Bill Barnes at (510) 474-1000 x707.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160120005481/en/
Copyright Business Wire 2016
Source: Business Wire
(January 20, 2016 - 11:00 AM EST)
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