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  1. Market Data
September 2, 2021

Kazakhstan-Primus Power – Flow Battery Storage System, Kazakhstan

By Carmen

The Kazakhstan-Primus Power – Flow Battery Storage System is a 25,000kW energy storage project located in Astana, Kazakhstan. The rated storage capacity of the project is 100,000kWh.

The electro-chemical battery energy storage project uses flow as its storage technology. The project was announced in 2015.

Description

The Kazakhstan-Primus Power – Flow Battery Storage System is owned by Samruk-Energy (100%), a subsidiary of JSC Sovereign Wealth Fund “Samruk-Kazyna”.

The key applications of the project are electric energy time shift, renewables energy time shift and resiliency.

Contractors involved

Samruk-Energy is the owner. Primus Power is the technology provider for the project.

Additional information

The Energy Storage System is funded by I2BF Global Ventures. As part of the multi-year agreement, Samruk-Energy plans to purchase Primus systems totaling 25 MW/100 MWh representing 1,250 batteries. These Primus systems will be assembled inside Kazakhstan and help the country reach its renewable energy goals of 30% by 2030 and 50% by 2050. Primus Power has raised a $25 million Series D round, led by a group of investors that wants to try its technology out at megawatt scale in Kazakhstan.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

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