AUSTIN, TX--(Marketwired - Aug 18, 2015) - ViZn Energy Systems Inc. (ViZn), a leading provider of energy storage systems for microgrid and utility applications, announced today that it has won a contract with Hecate Energy, a leading United States based developer of power projects, to supply a 2 MW zinc-iron redox flow battery system for the provision of ancillary services to the Ontario grid operated by the Independent Electricity System Operator (IESO).
ViZn Energy's 2 MW / 6 MWh flow battery, which is scheduled to be commissioned in 2016, is on target to be the largest commissioned flow battery installation in North America and Europe to date.
"We selected ViZn for this project because we had to ensure that the energy storage component was both safe and robust," said Chris Bullinger, President & CEO of Hecate Energy. "ViZn's system possesses the necessary capabilities for both power and energy services that this project requires. We also believe that, over the life of the battery, it will provide a very favorable payback."
"Utility-scale projects like this one will be increasingly important for the energy storage industry moving forward. Utilities are now working to figure out how to maximize the potential of their existing generation capacity," Ron Van Dell, CEO of ViZn said. " We're proud to have been chosen by Hecate for this project, and we expect it to serve as a model for utilities that wish to deploy energy storage in the future."
ViZn's unique zinc-iron chemistry is safe and non-toxic, allowing their storage systems to be utilized in a wide range of geographic locations without the health and environmental risks associated with many battery chemistries. ViZn's battery is scalable to tens of megawatts for utility-scale applications and offers one of the fastest charge and discharge responses on the market, giving it best-in-class performance and value.
About ViZn Energy Systems, Inc.
ViZn Energy Systems, Inc. is comprised of a visionary team of scientists, engineers and business leaders who are passionate about creating and commercializing a revolutionary energy storage solution for the commercial & industrial, micro grid and utility-scale markets. Founded in 2009 and based on eight previous years of research, ViZn is commercializing highly scalable energy storage systems, ranging from tens of kilowatts to mega-watt storage. The ViZn solution is safe, reliable, cost effective, and scalable to meet the needs of today's ever-changing energy landscape. For more information, visit: www.ViZnEnergy.com.
About Hecate Energy
Hecate Energy is a leading developer of solar power plants, natural gas-fired power plants, wind power plants, and energy storage solutions. Founded and led by a team of industry veterans who have worked together successfully for nearly 20 years, Hecate Energy leverages decades of power industry experience and deep technical understanding to develop, own, and operate power-generating facilities in the United States and select international markets. Hecate Energy believes in collaborative, long-term partnerships with the communities, organizations and countries it serves.
Contact Information:
For additional information, please contact:
Press Contact:
Wendy Prabhu
Mercom Communications, a division of Mercom Capital Group
512-215-4452
ViZn Energy Systems Inc. Investor Contact:
Paul Siblerud
EVP Marketing
ViZn Energy Systems, Inc.
406-755-9462
Hecate Energy Press Contact:
Kenneth T. Jakubowski
Sirius Enterprises, Inc.
312-543-2279