A developer of advanced lead-carbon PbC batteries and energy storage systems says it has signed a project specific Letter of Intent with privately-held Rosewater Energy Group, based in Fort Lauderdale, Florida. The LOI lays out a strategy to create and market a variety of energy storage and conversion products for the high-end residential market. Under the detailed letter, Axion would appoint Rosewater Energy Group as its exclusive distribution agent for a period of three years, subject to defined sales minimums and other conditions.
The project calls for incorporating Axion Power’s PbC batteries, and technology know- how, into a package that offers distortion-free secure home power, an ability to store energy from renewable sources and from the electric grid, an ability to sell energy back to the electric grid, an opportunity to protect some or all of the residential circuitry, and to prioritize these circuits.
Rosewater Energy Group, Managing Director, Joseph Piccirilli commented, “We have seen the value of PbC technology, as a secure energy storage source, while working with Axion CUBE designs, and other products, over the past two years. We believe this technology has tremendous value for entertainment technologies, and a range of home upgrades that will let residential owners have a previously unattainable sense of both power quality and energy security in their homes. We will target upscale residences either in remote locations or in luxury enclaves. At least at the beginning, we do not intend to market these products to developers or builders, as we believe many of the installations will be customized to the specific needs of individual homeowners.”
In November 2011, Axion commissioned a 0.5 MW, 0.25 MWh PowerCube at their Clover Lane plant. The same building blocks are used in the manufacture of smaller cubes, 100 kW and down to 10 kW. The residential cube is an example of the smaller units, the first of which was completed in June of 2011.
That prototype cube serves as the design cornerstone for new residential units, and has been housed at Clover Lane since Axion’s test phase began last summer. This 10 kW, 12 kWh residential cube will provide home owners with power quality, uninterruptible power back up, and an ability to store energy from renewable sources such as solar and wind. In addition, the unit can be grid connected, so that on either a regular, or an occasional basis, a home owner can participate in demand response or power curtailment, or both.
“The high-end residential market is a natural for this technology, because it lets homeowners enjoy 100% clean undistorted power for all applications, including home entertainment systems,” says Axion Power Chairman and CEO Thomas Granville. “It can also provide power during blackout conditions and be fully grid tied.”
Stability for a string of batteries is partially responsible for the PbC’s long life which, together with its high-charge acceptance and fast re-charge capability, make it the energy storage product of choice for this application.
RoseWater Energy Group
Axion Power International, Inc.
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