TOP STORIES

EnerVenue enters South American market with VedantaESS deal

October 19, 2023

California-headquartered metal-hydrogen battery company EnerVenue has entered the South American market via the signing of a ‘master supply agreement’ (MSA) with Brazil-based energy storage company VedantaESS. 

Under the terms of the deal, VedantaESS will procure and deploy 525 MWh of EnerVenue’s ‘Energy Storage Vessels’ (ESVs) over the next three years.

The MSA with VedantaESS will increase the amount of energy storage EnerVenue supplies each year energy with 75 MWh in 2024, 150 MWh in 2025, and 300 MWh in 2026. 

“VedantaESS will utilise EnerVenue’s ESVs to service Brazil’s growing demand for clean energy, including via distributed generation, isolated microgrids, and commercial, industrial, and utility applications,” a statement said.

São Paulo-headquartered VedantaESS provides customers with energy storage project design and management, including energy storage management software, assembly of the battery solution, installation services, and technical support.

“At VedantaESS, our mission is solving the significant renewable energy challenges that Brazil faces by strategically applying innovative, yet proven, technologies,” said Richard Phillips, president, VedantaESS. “With its unique metal-hydrogen batteries, EnerVenue’s solutions provide tremendous longevity, reliability, safety, cost-efficiency and, importantly, flexibility. The ESVs will be valuable to our customers across each of the LDES applications we work with. We’re proud to be the first organization to partner with EnerVenue in South America and are eager to bring the benefits of this supply agreement to our customers.”

Randall Selesky, chief revenue officer, EnerVenue, commented: “VedantaESS understands that long-duration energy storage must go beyond lithium-ion and has smartly grown its organisation around sourcing and supplying advantageous alternatives for customers. EnerVenue fits perfectly into VedantaESS’ strategy to bring flexible, and sustainable solutions to the Brazilian and South American markets. We look forward to working closely with them and bringing our ESVs into more applications.”