AEG Power Solutions Launches its Hybrid Energy Storage Solution, Cutting Down Costs of Energy Storage Systems

PR64873

MUNICH, Jun. 23 /PRNewswire=KYODO JBN/ --

    EES Europe

    Booth B1 181

    - The new platform is a unique system combining battery energy storage with

Power-to-Heat technology

    - The solution targets the primary control reserve power reducing capital

expenditure by 30 % and possibly more, depending on installation

    AEG Power Solutions, a global provider of power electronic systems and

solutions for industrial power supplies and renewable energy applications,

today announced it has developed a unique Hybrid Energy Storage System [

http://www.battery-energy-storage.com/applications/grid-management/hybrid-bess-power-to-heat-solution-for-primary-power-control-reserve

] which combines standard battery storage with power-to-heat technology to

reduce the total cost of energy storage operation.

    (Photo: http://photos.prnewswire.com/prnh/20160622/382313 )

    The solution can be installed in any type of facility which uses thermal

processes, including local heat networks in combination with an electrical

distribution network.

    With the Hybrid Energy Storage solution from AEG PS

[https://www.aegps.com/en ], the power conversion system (PCS) becomes the

central key element operating the power management and controls both the

battery as well as the heating system. The PCS and all equipment required for

grid connection (e.g. transformer and switch gear) therefore are used for both

the batteries and the heater. The platform allows for all typical applications

of standard battery energy storage in particular, frequency regulation; bby

combining both systems, the capacity of the thermal storage adds up to the

battery storage capacity.

    "Technically, in a stand-alone battery energy storage system, explains

Andreas Becker, Product Manager at AEG Power Solutions, it's necessary to keep

a battery charge stable at the 50% level in order to provide grid frequency

regulation. By combining it with a power to heat system, we allow extra energy

to go to the thermal process. The battery can then operate at 100% capacity."

    This in fact leads to dividing the battery total capacity required by

almost two. Taking into account that they represent usually around 70% of an

energy storage installation, the economic benefit of the innovation is obvious

and the payback period of the investment is approximately 3 years faster in a

primary control power market.

    AEG Power Solutions engineers the complete solution and provides the key

components such as the power conversion hardware and the power management

software.

    AEG PS is an innovator in energy storage and management thanks to its many

decades of experience in the world of UPS, power electronics, batteries as well

as international grid connection compliance. This unique combination of

know-how has been leveraged to design products and solutions for energy storage.

    Visit AEG PS at EES Europe Booth B1 181 and on the web at:

http://www.battery-energy-storage.com

    About AEG Power Solutions

    AEG Power Solutions (AEG PS) Group is a global provider of power

electronics systems and solutions for all industrial and demanding commercial

power requirements offering one of the most comprehensive product and service

portfolios in the area of uninterruptible power supply and power management.

    Thanks to its distinctive expertise bridging both AC and DC power

technologies and spanning the worlds of both conventional and renewable energy,

the company creates innovative solutions for next generation distributed power

generation.

    AEG Power Solutions Group is the sole subsidiary of the holding company 3W

Power S.A. (WKN A114Z9) / ISINLU1072910919), based in Luxembourg. The Group is

headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are

admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K).

    For more information, visit http://www.aegps.com.

    This communication does not constitute an offer or the solicitation of an

offer to buy,  sell or exchange any securities of 3W Power. This communication

contains forward-looking statements which include, inter alia, statements

expressing our expectations, intentions, projections, estimates, and

assumptions. These forward-looking statements are based on the reasonable

evaluation and opinion of the management but are subject to risks and

uncertainties which are beyond the control of 3W Power and, as a general rule,

difficult to predict. The management and the company cannot and do not, under

any circumstances, guarantee future results or performance of 3W Power and the

actual results of 3W Power may materially differ from the information expressed

or implied in the forward-looking statements. As a result, investors are

cautioned against relying on the forward-looking statements contained herein as

a basis for their investment decisions regarding 3W Power.

    3W Power undertakes no obligation to update or revise any forward-looking

statement contained herein.

    For further information, please contact:

    Claire Pairault

    Corporate Communications

    AEG Power Solutions

    Mobile: +33-6-19-60-91-64

    Email: claire.pairault@aegps.com

    Andreas Becker

    Product Manager

    AEG Power Solutions

    Phone +49-2902-763-231

    Email: andreas.becker@aegps.com  

SOURCE: AEG Power Solutions