Altairnano expects the final contract terms to be completed prior to year-end, following which it will begin construction of the ALTI-ESS advanced battery system in the first half of 2011.
The agreement requires Altairnano to assume the responsibility for site preparation, system installation, training, final testing and commissioning of the total battery system at INE’s Talnique power station site.
The ALTI-ESS system will provide frequency control for the grid, enabling INE to better utilize its electricity generation facilities, while improving the overall electric grid reliability and lowering utility’s operation costs.
Altairnano President and CEO Terry Copeland said that Altairnano’s ALTI-ESS advanced battery system provides an economical solution for managing voltage and frequency fluctuations, because of its ability to rapidly absorb energy from the grid, and quickly discharge energy back into the grid.
