New Castle, Pa. , November 22, 2011 – Axion Power International, developer of leadcarbon batteries and energy storage systems, will provide battery energy storage for the PJM Regulation Market.
Axion Power, working in partnership with Philadelphia-based Viridity Energy on this and other projects, will initially participate in the PJM market as a 100 kW resource that will soon be ramped to higher kW levels.
As a curtailment service provider in PJM, Viridity Energy will be managing the Axion PowerCube, a mobile and scalable 500kW/250kW battery energy storage system.
The technology can be configured in building blocks of 1 MW of power for 30 minutes, for PJM applications. It can also provide power quality, back-up power, power smoothing and load leveling in addition to the initial demand response.
A recent ruling by the Federal Energy Regulatory Commission reduced the minimum participation requirement from 500 kW to 100 kW and increased the compensation paid to regulation resources, paving the way for the use of the PowerCube on the PJM project.