The project was announced in 2019 and will be commissioned in 2021.
The Renault/Demeter EV Battery-powered Stationary Energy Storage System is being developed by Mitsui, Renault and The Mobility House .
The key applications of the project are frequency regulation, peak shaving and reliable power supply.
Mitsui, Renault and The Mobility House are the developers. Renault is the technology provider for the project.
A new joint project company has been set up to run the project between Groupe Renault, The Mobility House, Mitsui and Demeter, which has provided investment via its private equity fund, the Fonds de Modernisation Écologique des Transports. The batteries are being provided by Groupe Renault and the storage capacity is to be sold by The Mobility House to support network services and industrial storage needs such as load management and backup power.
Mitsui & Co Ltd (Mitsui) is a business conglomerate. It distributes, purchases, markets and supplies wide variety of products in business areas including iron and steel; non-ferrous metals; machinery; electronics; chemicals; energy-related commodities; foods & retail, lifestyle and consumer service. The company also participates in the other activities such as arranging finance for customers and suppliers in connection with its trading activities, organizing and coordinating international industrial projects, participating in financing and investing arrangements, assisting in the procurement of raw materials and equipment, providing new technologies and processes for manufacturing and coordinating transportation and marketing of finished goods. It operates in the Americas, EMEA, and Asia-Pacific. Mitsui is headquartered in Tokyo, Japan.
Renault SA (Renault) is an automobile company. It designs, manufactures, sells, and distributes passenger cars, light commercial vehicles, and electric vehicles. The company also provides various services including sales financing, leasing, maintenance, and services contracts. Renault markets products under Renault, Dacia , Alpine , Renault Samsung Motors , AvtoVAZ , Jinbei and Huasong, and Lada brands. It distributes products through a network of primary and secondary dealers across the world. Renault has operations in Europe, Eurasia, the Middle East, North America, South America, Africa, and Asia Pacific. The company has manufacturing facilities across the world. Renault is headquartered in Boulogne-Billancourt, Ile-de-France, France.
About The Mobility House
The Mobility House AG (Mobility House) is a clean technology company that offers intelligent energy-storage and charging solutions. The company generates electricity from solar and wind energy and stores in batteries. It offers products such as installed charging infrastructure products, stationary batteries, smart charging, vehivle to grid and energy storage, among others. Mobility House provides services such as installation and initial start-up of charging station and on-site inspection of electric installation and application situation. The company offers services related to electric vehicles, charging infrastructure, renewable energy as fuel, and access to public charging stations, among others. It offers customized solutions for the automotive industry. Mobility House is headquartered in Zurich, Switzerland.
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.