AREVA and Schneider Electric sign a strategic partnership agreement on energy storage
ENERGY STORAGE / SCHNEIDER ELECTRIC
February 06, 2014
AREVA and Schneider Electric have signed a strategic partnership agreement to develop energy management and storage solutions based on hydrogen fuel cell technology.
Under the terms of this agreement, both groups will combine their expertise in order to design and propose energy storage solutions that guarantee the reliability of electrical grids for isolated sites and areas where access to power is limited.
AREVA will provide the Greenergy Box™, energy storage solution made with an electrolyzer and fuel cell. This is used to store hydrogen and oxygen from water electrolysis during periods of low energy demand in order to produce electricity during peak consumption periods.
This technology is operational since 2011. Connected to a 560 kW photovoltaic solar power plant on the MYRTE demonstration platform, in Corsica, the Greenergy Box™ will also be soon connected to 35 kW peak power photovoltaic panels installed in La Croix Valmer (South of France).
Schneider Electric delivers integrated solutions focused on making energy safe, reliable, efficient, productive and green. The signature of this agreement with AREVA will enable Schneider Electric to achieve grid parity for renewable energies while managing their intermittency and optimising network connection. As such, Schneider Electric, a global specialist in energy management, strengthens its unique position to connect all smart grid players
Frédéric Abbal, EVP of Schneider Electric’s Energy Business commented “This agreement will create a robust commercial partnership for deploying an innovative solution in energy storage. AREVA will capitalize on the international presence of Schneider Electric and its leadership in electrical grid management, Utilities & Infrastructures, Industrial and Non-residential Commercial Buildings.”
Louis-François Durret, AREVA Renewables CEO said: “This agreement will allow AREVA and Schneider Electric to combine their experience, knowledge and achievements in energy management and storage. It will also place both companies as first of its kind players in this promising market.”