With Capacity Assurance, EnerVenue customers can now further control risk and backstop their investments, gaining a 20-year/20,000-cycle warranty extension at no less than 88% capacity. This straightforward extended warranty covers a project while it's in its most critical payback phase and is offered with no hidden exclusions and simple operating terms.
With assurance of 88% capacity over 20 years, Capacity Assurance terms are designed to align with customers' needs by supporting the long-term lifecycles of typical energy storage projects.
EnerVenue's metal-hydrogen battery systems enable energy providers and system owners with proven grid-scale renewable storage technology that rectifies the cost, durability, and safety limitations of lithium-ion.
Li-ion batteries suffer from significant and problematic battery degradation—with power output falling several percent per year—and energy providers using li-ion must regularly perform expensive mitigations by adding new battery banks to their existing footprints to keep up with their contractual power output obligations. Li-ion warranties reflect this risk with their cost and complexity—usually requiring operation in a very narrow specifications window and containing myriad exclusions and exceptions.
In direct contrast, EnerVenue's battery systems offer a 30+ year design life with essentially zero year-to-year degradation. With no augmentations required, EnerVenue's batteries are ultra-low maintenance, with similarly low material and operational costs. Importantly, EnerVenue's batteries present no fire or thermal runaway risk, exhibit extremely minimal degradation, and are built to operate in a wide range of ambient temperatures without auxiliary HVAC.
"For years, the stationary storage market has been asking for a simple, long-term capacity guarantee," said Randy Selesky, CRO, EnerVenue. "Capacity Assurance delivers an industry-best promise that complements EnerVenue's robust technology and provides our partners with both operational confidence and contractual security."