ARENA commits USD 4.1 million funding for Sydney-based energy storage company Ecoult

Ecoult has a trial wind smoothing energy storage project running at Hampton Wind Farm (New South Wales, Australia)
Ecoult has a trial wind smoothing energy storage project running at Hampton Wind Farm (New South Wales, Australia)

A home-grown battery storage technology has secured new funding support from the Australian Renewable Energy Agency (ARENA) and is set to move into international markets after signing a global manufacturing deal.

ARENA has committed USD 4.1 million in new recoupable funding for Sydney-based company Ecoult to enhance and fully commercialise its UltraBattery technology, which was originally developed by CSIRO with ARENA’s support.

ARENA CEO Ivor Frischknecht said providing support for battery storage technologies like the UltraBattery was at the core of ensuring a smooth transition to a renewable energy future.

“ARENA is working hard to accelerate the energy storage revolution as part of its efforts to bring down costs and increase the reliability and security of renewable energy,” Frischknecht said.

 

Kilowatt-scale battery storage device is known as the “UltraFlex”

The funding supports a USD 10.6 million effort by Ecoult to improve its technology and pursue large-scale commercialisation. It will enhance the battery’s performance and improve its ability to support both grid and off-grid applications.

In 2013, ARENA provided Ecoult USD 583,780 for the early development of its technology, including optimising it for off-grid applications. This led to the creation of the small, kilowatt-scale battery storage device known as the ‘UltraFlex’.

Ecoult has signed a deal with Exide Industries, India’s largest battery manufacturer, which will see the UltraBattery manufactured and distributed in India and South Asia.

 

2017-02-15 | Courtesy: ARENA | solarserver.com © Heindl Server GmbH

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