TMCnet News
Frost & Sullivan Applauds Vanadis' Product- and Partnerships-based Growth in the Global Energy Storage MarketLONDON, March 5, 2015 /PRNewswire/ -- Based on its recent analysis of the energy storage market, Frost & Sullivan recognises Vanadis Power GmbH with the 2015 Global Frost & Sullivan Award for Competitive Strategy Innovation and Leadership. Despite its relative nascence, Vanadis has distinguished itself in the energy storage market with its advanced vanadium redox flow batteries (VRB). To complement its exceptional technology, the company strategically partnered with Rongke Power in Asia-Pacific, and UniEnergy Technologies (UET) in the United States, to leverage their technical and marketing expertise for the European and global markets. Rongke Power has more than six years of field, design, and production experience, with a stack capacity of up to 30MW/year in 2015. Vanadis' association with Rongke Power won it a project with a joint venture of Robert Bosch GmbH and the and the citizen-owned wind park BWP Braderup-Tinningstedt and enabled it to deliver 325KW, 1MWh VRB energy storage solution for a wind farm in Germany within a year of its existence in Europe. This installation is the largest flow battery storage in Europe, and boasts benefits such as grid stabilisation, frequency control, and energy trading. Similarly, UET has technological expertise, and a new type of vanadium electrolyte chemistry with twice the energy density of competing chemistries and an extraordinary electrolyte stability from -40 degrees C to +50 degrees. It is one of the first manufacturers to present a grid-scale, fully integrated, containerised flow battery for rapid and flexible development. "These partnerships with Rongke Power and UET have gone a long way in enabling Vanadis to supply superior medium and large energy storage through VRB and eventually, expand in the energy storage space," said Frost & Sullivan Research Manager Suba Arunkumar. Unlike conventional storage solutions, Vanadis' product is sophisticated, with electrolyte offering energy (KWh) and cell stacks offering power (KW). This aids passive heat management, wherein the flowing electrolytes carry the heat generated, acting as heat sinks which eliminates any potential fire risk. "The ability of Vanadis' solution to support multiple applications such as renewable integration, transmission and distribution support, microgrids, and ancillary services makes it truly unique," noted Arunkumar. "These features position Vanadis as a supplier of safe, cost-effective batteries with competitive price performance value for medium and large scale storage." Significantly, Vanadis' VRB is containerised and has the flexibility to scale up storage capacity. A 90KW/120KWh system as an example is delivered in a 20' hipping container, as a plug-and-play system. This eliminates the hassles of designing and integrating for the developer. Vanadis' solutions also stoke excellent ownership experience, paving the way for its long-term growth. Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a competitive strategy that results in stronger market share, competitive brand positioning and customer satisfaction. Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry. About Vanadis Power GmbH Vanadis Power GmbH founded in 2013 is located in Nuremberg, Germany. Focus activities are business development, sales, project execution and service for Vanadium Redox Flow batteries from UET and Rongke Power. Vanadis Power GmbH Contact for media enquires Dr. Andreas Luczak E: [email protected] About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact Us: Start the discussion Subscribe: Newsletter on "the next big thing" Register: Gain access to visionary innovation Contact: Melanie Parkinson E: [email protected] Photo - http://photos.prnewswire.com/prnh/20150303/179165 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/frost--sullivan-applauds-vanadis-product--and-partnerships-based-growth-in-the-global-energy-storage-market-300044590.html SOURCE Frost & Sullivan |