February 2, 2023: US tech firm Kind Power will deploy its iron-air battery expertise in two multi-day vitality storage initiatives for Xcel Power.
The businesses have entered into definitive agreements to make use of the 10MW/1,000MWh system at two of Xcel’s retired coal crops, in Colorado and Minnesota.
Each initiatives might come on-line as early as 2025 and are topic to regulatory approvals of their states.
The businesses stated they used Kind Power modeling software program to show that the 100-hour iron-air battery expertise would combine massive quantities of wind energy and different renewable sources into their programs, in addition to strengthening the grid in opposition to regular every day, weekly. -weekly, and season-to-season climate modifications, along with excessive climate occasions.
Xcel chairman, president and CEO Bob Frenzel stated: “We’re on observe to cut back our electrical energy system’s carbon emissions by 80% by 2030 and to ship carbon-free electrical energy by 2050.”
Kind Power claimed in July 2021 that its expertise might present electrical energy for 100 hours at lower than a tenth of the price of a lithium ion battery.
The announcement got here as the corporate confirmed a $200 million sequence ‘D’ financing spherical, led by worldwide metal and mining firm Arcelor Mittal’s XCarb innovation fund.
Picture: Kind Power’s iron-air battery expertise
