Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Facility will provide grid stability and help balance and secure the French power transmission system
  • energy storage solution has been designed by EVLO – a subsidiary of Hydro-Québec
  • EVLO’s Energy Management System (EMS) has been successfully used to meet the client’s high standards for frequency containment reserve on transmission system
  • Facility will generate additional revenues that will vary based on prevailing energy pricing
  • Innergex Renewable Energy Inc. (INE) is up 0.30 per cent trading at C$18.66 per share as of 3:34 pm EDT

Innergex Renewable Energy (INE) has fully commissioned the 9 MW / 9 MWh Tonnerre battery energy storage system in France.

Located at Joux-la-Ville in Bourgogne-France-Comté, in the vicinity of Innergex’s Yonne and Yonne II wind farms, the facility will provide grid stability and help balance and secure the French power transmission system.

The energy storage solution has been designed by EVLO – a subsidiary of Hydro-Québec.

The IEC 62933-certified and UL9540A-tested battery energy storage system (BESS) enclosure includes several exclusive safety features and uses a unique lithium iron phosphate (LFP) technology, known for its superior thermal and chemical stability.

In addition, EVLO’s Energy Management System (EMS) was successfully used to meet the client’s high standards for frequency containment reserve on the transmission system.

Michel Letellier, President and CEO of Innergex, commented on the news.

Photo courtesy Innergex Renewable Energy Inc.

“Being Innergex’s first stand-alone battery project, the commissioning of Tonnerre is a considerable achievement for Innergex, and I am very proud of the incredible work of our team in France. As the energy transition accelerates worldwide, zero-emission and carbon-free grids relying more heavily on renewables will require energy storage, grid stability and ancillary services. The market for battery energy storage systems will continue to increase, and our team is ready to continue to seize new storage development opportunities.”

Tonnerre has been awarded a seven-year Contract for Difference offering a fixed-price contract for capacity certificate with the Réseau de Transport d’Électricité (RTE).

The facility will generate additional revenues that will vary based on prevailing energy pricing. In the current context of rising electricity prices in France, Tonnerre is a complement to Innergex’s portfolio that will be leveraged to its full potential.

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex says it is convinced that generating power from renewable sources will lead the way to a better world.

Innergex Renewable Energy Inc. (INE) is up 0.30 per cent trading at C$18.66 per share as of 3:34 pm EDT.


More From The Market Herald

" Pine Cliff Energy (TSX:PNE) appoints new director

Pine Cliff Energy (PNE) has appointed Calvin Jacober to its Board of Directors.
The Market Herald Video

" Prospera Energy (TSXV:PEI) announces Q1 2022 financial results

Prospera Energy (PEI) is pleased to release its Q1 2022 financial and operating results.

" Kraken Energy (CSE:UUSA) announces option to acquire Garfield Hills Uranium Project

Kraken Energy (UUSA), through its wholly-owned subsidiary, NevadoCo, has signed an option agreement to acquire the Garfield Hills Uranium Property.
First Helium Inc. - President & CEO, Ed Bereznicki.

" First Helium (TSXV:HELI) begins trading on the OTCQX

Common shares of First Helium (HELI) have qualified to upgrade from the OTCQB Venture Market to the OTCQX Best Market.