Energia
CellCube Announces 100 MW Energy Storage Project in U.S.
The Company will develop projects to deploy CellCube energy storage systems in several grid ancillary and combined capacity oriented, in-front-of- as well as behind-the-meter deployments. The energy storage systems will be placed as stand alone plants or collocated with solar to offer power market traded energy supply and ancillary services products.
ISO (Independent System Operator) markets are energy or power markets where ISOs foster competition from electricity generators through opening transmission grid access for market participants (buyers and sellers) and typically operate the transmission grid system for the transport of electricity to consumers of energy. RTOs are similar in nature where regional system operators are pooling their infrastructure and develop innovative procedures to manage transmission of electricity effectively. The ISOs and RTOs use bid-based markets to determine economic dispatch for approximately two-thirds of the nation's electricity load which is served in RTO regions.
More information for ISO/RTO can be found at FERC's website https://www.ferc.gov/market-oversight/mkt-electric/overview.asp
CellCube is a Canadian public company listed on the Canadian Securities Exchange (symbol CUBE), the OTCBB (symbol CECBF), and the Frankfurt Exchange (Symbol 01X, WKN A2JMGP) focused on the fast-growing energy storage industry which is driven by the large increase in demand for renewable energy.
CellCube supplies vertically integrated energy storage systems to the power industry and recently acquired the assets of Gildemeister Energy Storage GmbH, now renamed Enerox GmbH, the developer and manufacturer of CellCube energy storage systems. CellCube's other related subsidiaries are EnerCube Switchgear Systems and Power Haz Energy Mobile Solutions Inc. The Company has also invested in an online renewable energy financing platform, Braggawatt Energy Inc.
CellCube develops, manufactures, and markets energy storage systems on the basis of vanadium redox flow technology and has over 136 project installations and a 11 year operational track record. Its highly integrated energy storage system solutions feature 99% residual energy capacity after 11,000 cycles (equivalent to daily cycling for 28 years) and larger scale containerized modules. Basic building blocks consist of a family of CellCube units with 4, 6 and 8 hours variation in energy capacity.
On Behalf of CellCube Energy Storage Systems Inc.,
Stefan Schauss , President
Glenda Kelly , Investor Communications
Telephone: +1-800-882-3213
Email: info@cellcubeenergystorage.com
www.cellcubeenergystorage.com