|Date:||1/15/98 Record No.: 10524|
|Contact:|| Dave DaCosta, President |
or Phil Burghart, Sr. VP, 973-962-4480 http://www.ergenics.com
Ergenics Hy-Stor Battery Energy Storage
UFTO first reported about this company in Dec 95 and again in Oct 96, describing their Hy-Stor battery technology. They haven't received a lot of attention in the storage/battery industry over the years, but my personal view is that they could be a major dark horse in the business.
In addition to the utility scale device, they've also built a "D" cell. Inherently, the technology features very high cycle life, high power and energy density, and suffers no ill effects from over charging or discharging.
They're continuing to make major progress, and are looking for investment capital and partners.
Contact: Dave DaCosta, President
or Phil Burghart, Sr. VP
Ergenics, Inc., Ringwood NJ
The company issued this press release this morning:
Thursday January 15, 9:30 am ET
Company Press Release SOURCE: Ergenics, Inc.
New Energy Storage Technology Leads Way to Low Cost Electric Power Supply
RINGWOOD, N.J., Jan. 15 -- Ergenics announced today that it has initiated the second phase of its electric utility battery energy storage program. The program is directed at producing a long life (10 years), 25 kilowatt, 100 kWh battery module capable of daily deep discharge cycles for a variety of electric utility applications.
The initial product will be a simple peak shaving system which will be charged with low cost, "base load," power at night and discharged during the afternoon peak load in order to reduce incremental generating capacity and its associated higher costs. This system is being developed for utility testing overseas where the differential cost between base load and peak load power is 3-5 times higher than in the U.S. The potential overseas market for the company's battery energy storage system exceeds $30 billion. Ergenics is currently funded to build the first full scale submodule for testing based on a design previously approved by its foreign partner. The battery's modular design allows construction of battery energy storage systems ranging in size from 100 kWh to 4,000 kWh.
Beyond the offshore project, Ergenics is exploring electric energy supply applications in the United States where electric utility deregulation is expected to create enormous opportunities for energy storage systems distributed across the power grid. Ergenics ultimately envisions household units which will provide reliable energy during power outages. These units will also store power purchased at low off-peak rates for later use in periods when energy would be more expensive.
Ergenics' Hy-Stor(R) battery system is well suited for utility batteries. It couples the established know-how of the high energy storage density of metal hydrides with the extraordinary cycle life capabilities of nickel-hydrogen electrochemical cells which have been used in orbiting satellites for over twenty years. Half fuel cell and half battery, the only chemical reaction in the nickel-hydrogen battery is the simple oxidation and reduction of the nickel hydroxide electrode. This makes possible attainment of 10 years of life and tens of thousands of deep and shallow discharge cycles. In addition, and unlike any other battery, nickel-hydrogen batteries are tolerant of overcharge and overdischarge operation. This is especially important for higher voltage batteries where a large number of cells are connected in series. Complicated and costly electronics to balance the state-of-charge of the cells are not required.
Ergenics is a world leader in the development and commercialization of metal hydride technology. In addition to utility battery energy storage systems, Ergenics is developing hybrid electric vehicle batteries under a Defense Advanced Research Projects Agency contract, high energy, long life battery packs for electric bicycles, and hydrogen storage units for fuel cells. Privately owned, Ergenics, Inc. has its headquarters and principal manufacturing operation in northern New Jersey.