AEG and ITM Partner to Develop Utility-Scale Energy Storage Solutions
ITM Power announced that it has signed an agreement with AEG Power Solutions (AEG PS) to cooperate in integrating its electrolyser technology with AEG's power control electronics. Under the agreement, ITM Power and AEG PS will initially address five live projects, the status of which ranges from imminent deployment to early proposal development.
This collaboration between leading technologies in power electronics and demand side energy storage is a significant step towards achieving energy efficiency for the renewables sector. Power electronics integration is essential for future smart grids and the demand side management of loads to assimilate intermittent and fluctuating renewable energy sources.
AEG PS has extensive experience of renewable power integration and have already supplied power electronics into several power to gas installations in Germany. This agreement with ITM represents the first time AEG PS's power conversion technology will be coupled with Polymer Exchange Membrane (PEM) electrolysis, enabling rapid response electrolysis at a scale appropriate for electricity grid balancing services.
ITM Power's CTO, Dr Simon Bourne, said: "AEG Power Solutions are a world leader in power electronics for power conversion and controlling rapid response demand side loads. We are delighted to have developed this important collaboration and look forward to working together on a developing pipeline of projects."
AEG PS's CSO, Gladwyn De Vidts, said: "We are proud to cooperate with ITM Power who offers leading technology in PEM electrolysis. We are confident that the partnership will be favourable for both companies, opening new business opportunities in the future."