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EnerVault and NORAM Announce Strategic Partnership

EnerVault Poised to Scale Production and Commercialize Long-duration, Grid-scale Energy Storage Systems

SUNNYVALE, Calif., Feb. 26, 2014 /PRNewswire/ -- EnerVault, designer and manufacturer of long-duration, grid-scale energy storage systems, and NORAM, a specialized engineering and process design firm, today announced a collaborative agreement to scale production and commercialize EnerVault's iron-chromium redox flow batteries.

"EnerVault welcomes NORAM's decades of industrial engineering design expertise to support the commercialization of our long-duration, grid-scale energy storage systems," said Jim Pape, EnerVault CEO.  "With NORAM's expertise in system design for simplicity, reliability and safety, we expect EnerVault's long-duration, grid-scale energy storage systems to meet the capital cost and energy delivery cost targets established by the U.S. Department of Energy."

"EnerVault's technology represents the safest of the ready-to-scale chemistries for redox flow batteries, a primary attraction for us to work with Jim and his team," said Tony Boyd, NORAM's President and COO.  "EnerVault's long-duration, grid-scale energy storage systems are built with components and processes that are fully scaled in other industries. With effective engineering, NORAM believes that EnerVault's energy storage systems will be very cost-competitive."

In January, 2014, EnerVault began commissioning the largest iron-chromium redox flow battery in the field anywhere in the world: a 250 kilowatt, 4-hour system capable of delivering 1 megawatt-hour of stored energy.  Located in Turlock, Calif., and sited on agricultural land in combination with a ground-mounted solar system, the EnerVault redox flow battery system will begin operation in the spring of 2014.

About EnerVault:
EnerVault designs and manufactures long-duration, grid-scale energy storage systems based on iron-chromium redox flow battery technology first pioneered by NASA.  EnerVault's energy storage systems offer grid operators the flexibility to both absorb and deliver energy to cost effectively manage system efficiency, increase reliability and integrate renewable resources.  Based in Silicon Valley, EnerVault is the first company to deploy megawatt-hour scale iron-chromium redox flow battery systems in field operations.  For more information, visit www.EnerVault.com

About NORAM:
Since 1988, NORAM has built a global reputation for innovation and excellence in the supply of proprietary engineering and equipment systems to the chemical and commodity sectors. NORAM's specialized business groups have completed large capital projects on five continents and is recognized as a leader in the fields of nitration, sulfuric acid and electrochemistry.  In addition to carrying out large assignments for major multi-national clients and municipalities, NORAM selectively collaborates with early-stage technology companies to provide its experience in technology commercialization. For more information, visit www.noram-eng.com

Media Contact
Bret Adams
[email protected]
(408) 636-7519

SOURCE EnerVault Corporation

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