EDF to Work on Augwind's AirBattery Energy Storage System in Israel
- Augwind and EDF Renewables Israel will collaborate on a 5 MW solar plant incorporated with a 20 MWh Augwind's storage system-- AirBattery.
Augwind has announced that it has signed an MOU with EDF Renewables Israel, a subsidiary of the international EDF empire, for the two companies to work together on building and also running a 5 MW solar photovoltaic or pv nuclear power plant incorporated with a 20 MWh Augwind's storage space system-- AirBattery. The project will be built as an introducing center with a safeguarded PPA from the government's had power business (IEC) for 23 years.
"Augwind aims for worldwide growth and a substantial presence in the storage space market via its cutting-edge innovation. The agreement we are signing today is an expression of self-confidence by one of the globe's largest market leaders in power as well as is yet one more keystone in Augwind's strategic plan for global development as well as for coming to be a leading distributor in the energy storage market worldwide.
"Within a matter of weeks, Augwind has actually increased its circle of companions for installation of the AirBattery energy storage system as well as is positioned to proceed the energy of development right into 2021," said Or Yogev, CEO as well as Founder of Augwind.
Augwind and EDF have actually agreed to hold the project in equivalent shares, with EDF being in charge of initial securing the land of the project and also later for the construction and also operation of the photovoltaic facility. Augwind will function as the storage space distributor as well as lead all elements of engineering, building, procedure and also upkeep of the system.
It is estimated that the introducing facility will certainly be completed within 12-24 months from the day the conditions criterion are fulfilled.
"The MOU we have actually authorized is substantial turning point both at the worldwide and also the local levels-- EDF Renewables Israel is a significant leader in development and procedure of renewable energy properties in the local market considering that its very early days a decade ago. The firm own hundreds megawatts of operating solar plants and creates loads of added projects the be integrated in the coming years," Yogev concluded.
