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Energy storage comes in many different forms because energy comes in many different forms. The storage methods employed today vary depending on specific requirements, such as power demand, the number of sites to be supplied, and the most efficient technology for each case.
Currently, there are five primary categories of energy storage technologies: mechanical, electrochemical, thermal, electrical, and hydrogen storage. However, our guest company, Enervenue, introduces an interesting technology that falls somewhere between electrochemical and chemical storage. Their system combines the best aspects of both worlds, offering unique benefits. But how does it achieve this? What sets it apart? Before going deep into these details, let's meet our guest speaker.
Chad Spring, Senior Business Development Manager at Enervenue, boasts extensive experience in the energy and energy storage industry. Drawing from his background, Chad highlights how the industry's perspective on energy storage, particularly stationary energy storage, is shifting thanks to advances and innovations.
Speaking of advancements, EnerVenue works with a technology that traces its roots back 30 years to NASA. However, they have made significant improvements by replacing elements to enhance performance, longevity, and durability beyond the capabilities of the original chemistry. One notable feature of their battery system is its simplistic component design, enabling efficient recycling. Approximately 99% of the components can be disassembled and are non-toxic. In addition to this green quality, EnerVenue's systems boast compactness, allowing them to be deployed within 10 to 20-foot containers.
EnerVenue's technology stands out in several aspects. It has successfully undergone rigorous tests for flammability, shock resistance, drop resilience, explosion resistance, fire endurance, over-charge and over-discharge protection, extreme climate adaptability, and demanding operational conditions.
The sky's the limit! They plan to establish their first gigafactory in 2024 and reach a capacity of 5000 MWh by 2025. With continued growth in the coming years, their ultimate goal is to become the leading supplier of energy storage for homes and businesses by 2035.
We extend our gratitude to Chad Spring for his participation in this webinar and for providing valuable insights into EnerVenue's technology system. For more in-depth information on the topic and our guest company, please enjoy the full webinar video available here.
Want to know more about it and navigate into energy storage systems? Schedule a quick call with us!