Michigan-based Our Next Energy announced the release of a utility-scale lithium-iron phosphate (LFP) battery system called Aries Grid.
“Energy storage is the key to decarbonizing both mobility and the grid,” said Mujeeb Ijaz, CEO & Founder of ONE. “With Aries Grid, ONE is servicing a market demand for safer and more sustainable utility-scale energy storage solutions that are, for the first time, cost competitive with fossil fuels, thanks to the Inflation Reduction Act.”
The IRA introduced tools that enables ONE and its customers to take advantage of product cost offsets and federal investment tax credits to develop Aries Grid. This support means that Aries Grid can be utilized with renewable energy capabilities to provide baseload generation, a previously cost-prohibitive exercise in many markets.
Leveraging ONE’s Aries transportation 79-kWh battery pack, Aries Grid will be offered in 2-, 3-, and 6-MWh modular units that allow for system customization, with discharge times ranging from 4 to 12 hours.
“Aries Grid offers utilities a versatile grid asset while providing businesses with a tool to help decarbonize their supply chains,” said Dr. Deeana Ahmed, Vice President of Strategy, Policy & Sustainability of ONE. “With durable, sustainable, Michigan-built batteries, there is a real path forward to increasing renewable electricity across the U.S. and around the world.”
News item from ONE