TMCnet News
AEG Power Solutions signs cooperation agreement with ITM PowerDec 07, 2012 (Datamonitor via COMTEX) -- AEG Power Solutions, a provider of power electronics systems and solutions, has signed an agreement with ITM Power, an energy storage and clean fuel company, to cooperate in integrating its electrolyser technology with AEG PS' power control electronics. Under the agreement, ITM Power and AEG PS will initially address five live projects, the status of which ranges from imminent deployment to early proposal development. This collaboration between technologies in power electronics and demand side energy storage is a step towards achieving energy efficiency for the renewables sector. Power electronics integration is essential for the future smart grid and the demand side management of loads to assimilate intermittent and fluctuating renewable energy sources. AEG Power Solutions has experience of the renewable power integration and has already supplied power electronics into several power-to-gas installations in Germany. This agreement with ITM represents the first time AEG PS's power conversion technology will be coupled with PEM electrolysis, enabling rapid response electrolysis at a scale appropriate for electricity grid balancing services. ITM Power's CTO Dr Simon Bourne said "AEG Power Solutions is a world leader in power electronics for power conversion and controlling rapid response demand side loads. We are delighted to have developed this important collaboration and look forward to working together on a developing pipeline of projects." "We are proud to cooperate with ITM Power who offers leading technology in PEM electrolysis. We are confident that the partnership will be favorable for both companies, opening new business opportunities in the future," states Gladwyn De Vidts, Chief Strategic Officer at AEG Power Solutions. http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |