The global energy storage market will grow to 58 GW / 178 GWh in 2030. The US and China will represent >50% of all deployments, according to BloombergNEF.
News & Press Releases
140 TWh of Long Duration Energy Storage needed for electric grid decarbonization
Long-duration energy storage systems, like Primus Power's EnergyPods, are essential for electric grid decarbonization. The future of storage is long (TM)!
Flow is a serious player for stationary storage
Most energy wonks believe that in order to fully shift the grid to zero-carbon energy, we will eventually need long-duration storage. Primus Power was featured in this Canary Media article.
US DOE Secretary Granholm is a flow battery fan
Flow batteries keep the energy flowin’ more reliably …that’s why they’re good for grid storage and that’s why we’re investing $$ in them! Cleaner, more efficient energy for all.
California needs up to 55 GW of long duration energy storage by 2045
To meet climate targets California will need to increase its long duration energy storage capacity deploying up to 11 GW by 2030 and up to 55 GW by 2045
Where does flow fit in?
Flow batteries are generally recognized as the most technically mature alternative to lithium ion for grid storage. In this virtual battery seminar video Primus Power CEO Tom Stepien discusses where flow is well suited, flow system characteristics, and flow's levelized cost of energy.
The Future of Energy Storage Beyond Li Ion
A wide range of alternative chemistries, configurations and battery systems are well suited for stationary applications, as this CNBC video explores.
Energy storage: it’s not just about lithium ion batteries
As CleanTechnica highlights there are many type of stationary energy storage solutions, including Primus Power's long duration flow battery.
Primus view of the energy storage landscape
Primus Power's Tom Stepien sits down with Donald Klein for a CUBEConversation about the stationary energy storage landscape.
Energy storage to grow 122x to $662B over the next two decades
Energy storage installations around the world will multiply exponentially, from a modest 9 GW / 17 GWh deployed as of 2018 to 1,095 GW / 2,850 GWh by 2040, according to the latest forecast from research company Bloomberg NEF.
Primus named to 2019 Global Cleantech 100
Out of 13,000 innovators from 90 countries Primus secured a place in the prestigious 2019 Global Cleantech 100
Stationary Energy Storage: a $620 billion market!
Bloomberg New Energy Finance's recently released Long-Term Energy Storage Outlook estimates the global energy storage market will grow to a cumulative 942 GW - 2,857 GWh by 2040, attracting $620 billion investment.
Flow batteries are ready for prime time
Flow batteries beat lithium ion prices for peaker plant replacements. They have similarly strong economics against diesel gensets in microgrids. To win in the commercial/industrial and utility markets flow must prove bankability and demonstrate a total cost advantage against incumbents. Primus has a clear path to both with a very low material cost, long fade-free life and product/project insurance tools.
100% Renewable is 100% Doable!
The goal of reaching 100% renewable electricity in California is “100% doable”, Jorg Heinemann, the chief commercial officer of zinc bromine flow battery maker Primus Power, told Energy-Storage.news at Solar Power International/Energy Storage International.
ARPA-E awards Primus $3.5M to further enable long duration energy storage on the electric grid
Transformational Energy Technology! That’s how the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) characterizes Primus Power’s innovative energy storage technology. We are excited to share that we received a $3.5 million award from the Agency’s new competitive Duration Addition to electricitY Storage (DAYS) program.
Energy Commission’s Investment Helped Energize Battery Storage Company
Primus Power CEO Tom Stepien was asked recently what chance his company would have had in successfully developing its battery storage system without support from the California Energy Commission. His response was “darned near zero.”
Amid push for workforce diversity, campaign works to include Bay Area residents with disabilities
Even as California’s unemployment rate has sunk to record lows in recent months, the population of people with intellectual or developmental disabilities has struggled with high levels of unemployment or underemployment. A collaboration among three Bay Area agencies and companies like Primus Power are trying to change that.
Primus Power Announces EnergyPod 2 · a Breakthrough in Low cost, Long-Duration Energy Storage
HAYWARD, CA, February 21, 2017 – Today Primus Power (“Primus”) announced production of EnergyPod 2, the second generation of its long duration, fade-free flow battery. Primus’ stationary battery systems serve the energy storage needs of corporations and utilities. With a five-hour duration and lab-certified 20-year life, EnergyPod 2 delivers a total cost of ownership up to 50% less than leading conventional lithium-ion battery systems
ESTCP 2016 Project-of-the-Year Award for Energy and Water for Miramar MicroGrid November 28, 2016
The project successfully demonstrated the microgrid controller’s ability to integrate and control the ESS, PV system and facility loads while connected to and islanded from the grid. This project was conducted at Marine Corps Air Station (MCAS) Miramar
Microsoft Partners with Primus Power to Drive Energy Innovation at Datacenters
At a White House event honoring clean energy innovators, Primus Power and Microsoft announced a program to advance energy storage at datacenters globally. The program will be carried out in collaboration with NRG Energy, the University of Texas at San Antonio, and battery technology providers, including Primus Power. This pilot program is part of a broader focus by Microsoft, as part of its datacenter strategy, to explore next genera...
Primus Power’s Microgrid Highlighted as a Leading Energy Solution
Ellen Williams, Director of the Advanced Research Projects Agency Energy, talks about leading energy technologies and highlights Primus Power and Raytheon for their role in advancing US & global energy solutions
Bill Gates Thinks Flow Batteries are a Breakthrough Energy Technology
In launching the Breakthrough Energy Coalition Bill Gates identified flow batteries as a promising technology. “Unlike lithium-ion batteries, a flow battery could last for decades and the rechargeable electrolyte liquid could last indefinitely. Many working prototypes use vanadium, a relatively rare element, as the active electrolyte. Future systems will need to use a more easily available electrolyte before they are commercially fe...
Primus Raises $25M in Series D Financing
Primus Power secured $25 million in financing for its Series D funding round. Additionally, Primus announced a strategic agreement with Samruk-Energy, the principal electricity provider in the Republic of Kazakhstan. As part of the multi-year agreement, Samruk-Energy plans to purchase Primus systems totaling 25 MW / 100 MWh – representing 1,250 batteries
Primus Power CEO named a 2015 Smart Grid Pioneer
Smart Grid Today named the 50 Smart Grid Pioneers of 2015 today, which includes Primus Power’s CEO Tom Stepien. Tom is featured alongside other smart grid visionaries who are described by Smart Grid Today as “the best and brightest smart grid industry stakeholders succeeding at tackling many of the complexities in digitizing the power distribution world, some of which could barely be imagined just a decade ago.”
Primus Power and Raytheon Demonstrate Solar + Storage Microgrid System and Control
Primus and Raytheon have successfully demonstrated an advanced microgrid system capable of islanded operation using stored and high penetration renewable solar energy. The testing effort, conducted at NREL’s Energy Systems Integration Facility, proved the ability for an energy storage system-driven microgrid with conventional photovoltaic (PV) inverters to achieve 100% PV penetration while retaining the power quality needed to satisf...
Grid-Scale Energy Storage: a $68B Market over the Next 10 Years
Primus and Raytheon have successfully demonstrated an advanced microgrid system capable of islanded operation using stored and high penetration renewable solar energy. The testing effort, conducted at NREL’s Energy Systems Integration Facility, proved the ability for an energy storage system-driven microgrid with conventional photovoltaic (PV) inverters to achieve 100% PV penetration while retaining the power quality needed to satisf...
Primus is a Platts Global Energy Award Finalist
Platt’s Global Energy Awards recognizes companies that have demonstrated excellence in leadership, innovation and performance in the energy industry. Primus is a finalist for the second year in a row
ARPA-E Encourages Crazy Ideas’ to Find Disruptive Energy Technology
The same GPS technology that guided smart bombs during Operation Desert Storm in 1991 is now in your smart phone and there are numerous additional examples of technology borne from US Defense Department innovators – Defense Advanced Research Projects Agency (DARPA) – that exploded (pardon the pun) into mainstream commercial applications. Well, if it worked for defense projects, why not use the same model to halt the erosion of US sci...
Sanmina and Primus Power announce manufacturing agreement to produce grid-scale energy storage systems
Sanmina Corporation (Nasdaq: SANM) and Primus Power today announced a manufacturing agreement focused on the growing energy storage market. As part of the agreement, Sanmina will assemble and test EnergyPods at its Silicon Valley manufacturing facilities
The Year Energy Storage Hit Its Stride
The energy storage sector is finally poised to begin making its mark, driven by greater policy support and technological advances that have begun making new solutions economic
CalCharge: the center of gravity for energy storage technology
Primus Power is a founding corporate member of CalCharge, a pioneering initiative designed to accelerate the development of the energy storage sector in California
California’s Energy Storage Bet
California is offering businesses large incentives for coming up with successful, large-scale electricity storage systems, betting that creating demand will lead to workable and economic new technologies
Primus Power secures $20M in first close of series C funding
Primus Power’s C round includes substantial investment by South Africa’s Anglo American Platinum. Funds support first product shipments in 2014
California Adopts Historic Energy Storage Targets
The California Public Utilities Commission set a target for California investor owned utilities to procure 1,325 MW of cost effective energy storage by 2020. The target, which is the largest of its kind worldwide, is set to increase California’s installed energy storage capacity six fold from its current 35 MW
Primus is a Platts Global Energy Award Finalist
Platt’s Global Energy Awards honors and recognizes those who have transcended the status quo in the name of excellence in leadership, innovation and performance in the energy industry. This year Primus is a finalist in the Rising Star Company category
Energy Storage: the Next Big Thing
Platt’s Global Energy Awards honors and recognizes those who have transcended the status quo in the name of excellence in leadership, innovation and performance in the energy industry. This year Primus is a finalist in the Rising Star Company category