The company aims to become a leading global producer of next-generation green credentialed lithium-ion battery cells, enabling the future energy requirements of the world, storage of renewable energy and electrification of transportation.
’s () (OTCMKTS:URNXF) partner Charge CCV (C4V) has been selected to participate in a United States Government project for the Department of Energy (DOE) focused on grid stabilisation.
Magnus has a 10% interest in C4V, which will provide lithium-ion batteries for the project.
The company’s chairman Frank Poullas said: “C4V’s selection to participate in the US Department of Energy-funded project following a rigorous selection speaks to the high quality of our technology.”
Magnis and C4V are working together in co-developing intellectual property and expertise to be applied to various projects.
The project is aimed at developing a two-stage solar plant control framework that will enable the coordination of multiple solar plants with generation uncertainty and enhance grid stability through grid-forming inverter controls which include battery storage.
To facilitate the high penetration of renewable generation into bulk power systems, the team will develop an Asynchronous Distributed and Adaptive Parameter Tuning (ADAP) framework for hybrid solar plants.
The framework will be demonstrated at a 1-megawatt hybrid solar power plant controlled by grid-forming inverters at Brookhaven National Laboratory and using a hardware-in-the-loop system with 70% renewable penetration that will demonstrate the scalability and replicability of the proposed controls at New York Power Authority.
Working with partners
C4V president Shailesh Upreti said: “We are excited to be selected in another US Government project and being the sole partner providing cutting edge lithium-ion battery technology immensely favourable to renewable energy adoption.
“We look forward to working with our partners to demonstrate the agility and robustness of our BMLMP technology for the grid stabilisation market.”
The project is led by Binghamton University – State University of New York, in collaboration with Stony Brook University, Brookhaven National Laboratory, National Renewable Energy Laboratory, New York Power Authority, Syndem LLC and C4V.
Binghamton University associate professor and principal investigator to the project Dr Ziang (John) Zhang said: “C4V is a leading lithium-ion battery technology company and has developed a long cycle life BMLMP battery technology that could be a perfect match for renewable energy integration.
“We have previously used their batteries for another solar-storage project and are quite excited to expand the usability of this technology in a much larger project.”