Shihab Kuran - Founder, President and CEO of Power Edison

Shihab Kuran - Founder, President and CEO of Power Edison

Lithium-ion battery energy storage systems have many applications, and as such, Power Edison talks about a new spin on the tech - delivering temporary systems where and when they are needed.

Shihab Kuran (founder, president and CEO of Power Edison) - veteran of SunEdison, NRG Energy, sees a future in temporary set-up and delivery of energy storage.

“We are the Uber of battery storage. We’re going to offer a solution for the duration that it’s needed, and after that, we’ll take our solution and re-purpose that for other applications.”

Base modules will be 1 MWh specialized shipping containers.

"Kuran, who previously headed storage businesses at NRG and SunEdison, said the key to his strategy is making batteries easier to move. Lithium-ion systems are complicated to transport. They are heavy, sensitive to temperature changes and prone to bursting into flames. To solve that problem, Power Edison designed containers to protect them from the rigors of travel.

“Today if you want to move an energy storage container by code you have to empty the batteries out, you have to put them into cool containers, you have to transport them separately,” Kuran said. “It’s a very expensive process.”"

Beside renting the ESS, Power Edison would also like to lease companies their energy storage solutions.

The new approach help to ease the spread of renewable energy sources, which suffer from generation intermittency, but whether it will be viable long term application, only time will tell.

source: Bloomberg