As part of the deal, the joint venture will develop a 5kilowatt/30kilowatt hour system for telecom, hybrid and residential applications, which is expected to be available in the second quarter of 2014.

Both the companies are also planning to include a manufacturing agreement for the flow batteries.

Imergy, in parallel, will also develop a 250kilowatt system for distribution grid applications such as microgrid and integrated photovoltaic solutions, and plans to introduce in October 2014.

Imergy Power Systems sales and marketing executive vice president Tim Hennessy said that Flextronics is one of the world’s largest and most successful design and manufacturing services companies."

"In collaboration with Flextronics, we will be able to de-risk our design while driving out cost, speed execution of our roadmap, and get to market significantly faster," Hennessy added.