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  • A123 Systems (AONE) to Provide Lithium Ion Storage to Maui Electric 0 comments
    Dec 20, 2011 5:36 PM | about stocks: AONEQ
    A123 Systems, provider of Nanophosphate® lithium ion batteries and systems, announced today that it will supply a grid battery system to Maui Electric Company (MECO), a utility serving electrical needs for the islands of Maui, Lanai, and Molokai in Hawaii. The system will be installed at Maui Electric’s Wailea Substation on Maui, and will deliver one megawatt of power for a full hour, reducing the peak energy load on one of the substation’s transformers. The move is designed to increase grid stability, improving power quality and helping Maui Electric meet the objectives of the Maui Smart Grid Project.

    The Maui Smart Grid Project is designed to help Maui Electric demonstrate and evaluate technologies for improved grid operation, especially during periods of high demand. Specific goals include minimizing emissions, reducing distribution circuit peak load, better utilization of renewable energy sources, and improved grid stability. The A123 solution is intended to offer a turnkey solution to help meet these goals.

    A123 Vice President of the Energy Solutions Group, Robert Johnson, commented on the opportunity the project represents: “The Maui Smart Grid Project is an excellent opportunity for A123 to showcase the flexibility of our dynamic GBS product, and we look forward to working with MECO to illustrate the value of our technology within the framework of the next-generation electric grid. We believe that our energy storage system will help MECO meet the ambitions objectives of the Maui Smart Grid Project and further demonstrate the commercial benefits of our solutions.”

    Maui Electric’s president, Ed Reinhardt, said of the decision: “A123′s advanced energy storage system has demonstrated the ability to shift peak energy loads when demand is high to provide the consistent delivery of quality power, which is an extremely valuable service that supports MECO’s ongoing effort to increase the reliability of the grid and maximize the generation resources we have in place. The Maui Smart Grid Project will enable us to evaluate new technologies for enhancing our operations, and we look forward to the successful demonstration of A123′s versatile energy storage solution in not only meeting our peak load shifting requirements, but also performing a number of additional valuable services.”

    For additional information, visit the company’s website at A123Systems.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net
    Stocks: AONEQ
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