| | JUNE 202019life cathode and the longest life anode to produce nickel-hydrogen gas batteries. We have seen the cycle life of this chemistry can be as long as 30,000 cycles," states Professor Yi Cui. Additionally, the calendar life can go up for 30 years, and the energy storage cost per kilowatt-hour per cycle can get down to as low as one penny.Ni-H2 chemistry is based on the aqueous solution and the hermetically-sealed canister, making it very safe against overcharge and in abused environment settings. It can be fast-charged within minutes. The performance of the Ni-H2 chemistry was also proven in the past by 40 years of research and application in the aerospace industry. However, the cost of batteries was too high due to the high cost of several components inside. Now EnerVenue has developed ways to reduce the cost by hundreds of times.Speaking of applications, EnerVenue's Ni-H2 batteries can be used for storing solar cell electricity and wind farm electricity, and also for individual homes storing electricity. For example, after midnight until 6 AM, a home can store low-cost electricity up to six hours then use the stored electricity when needed outside those time frames. This method is eco-friendly as well as reduces a significant amount of cost for each individual's home. These types of Ni-H2 batteries could be used for commercial building too. The battery chemistry is also suitable for the use in electric grid companies to do peak shaving and stabilizing the frequency.By delivering energy storage solutions for stationary use, EnerVenue is currently not only offering cost and performance efficiency but also helping to fight climate change. "We are raising funding to build our pilot-scale manufacturing facility. Given the maturity of this technology, we will expand fast to a large scale manufacturing company. We plan to expand into Silicon Valley by 2021," concludes Meng. Our energy storage product is cost-effective with long cycle and calendar life as well as eco-friendly and safe for the environment
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