PV MagazineOctober 14, 2019991
The business was set up in the middle of last year to to bring to fruition a grid balancing battery system conceived in 2015 and developed by early last year, according to a press release issued on Saturday. NGEN said its solar power project will provide enough grid ancillary services to support 250 MW of sources of renewable energy generation capacity.
NGEN started construction of its battery project in April and carried out the first operational tests for the €15 million system at the end of August.
The project developer said it has launched the first of Tesla’s Powerpack battery systems “in the region” and acquired the solar power battery last year to form the basis of the project.
The battery system reportedly uses artificial intelligence and machine learning to offer automated grid balancing services as well as enabling power exchange energy trading for clients. With NGEN co-founder Damian Merlak having set up cryptocurrency trading platforms Bitstamp and Tokens.net, a spokesman for the solar company said blockchain technology may be incorporated in future NGEN projects.
Merlak co-founded NGEN with Roman Bernard, according to Tesla.
The solar company reportedly intends to develop a second battery system in Slovenia before July and also offers residential storage systems which can harness its grid balancing technology.
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