Energy storage developer Augwind said it signed a three-year collaboration agreement with Voith Hydro. The two will collaborate to develop turbines, water pumps and power systems to be integrated into Augwind’s AirBattery energy storage system.
According to Augwind, the AirBattery energy storage system combines pumped hydro and compressed air energy storage. The company said the AirBattery energy storage system has secured over 200 MWh of projects in Israel.
System development and integration are expected to support the company’s roadmap for bringing the system to the required performance levels, including a high level of energy efficiency, according to a press release. Under the agreement, Augwind will have the exclusive right to integrate components into the AirBattery systems it builds and sells.
“This agreement is a first strategic agreement which is an excellent fit for our roadmap to improve the core capabilities of our AirBattery storage system,” said Allon Raveh, Augwind CEO. “Voith has considerable know-how and experience with hydraulic systems, which are core elements of the AirBattery system. The collaboration with the Voith Group marks the first step towards implementing the company’s new strategic plan. I am now even more confident that our AirBattery technology will deliver a competitive offer to our clients.”
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Augwind was established in November 2012. The company specializes in the development and implementation of industrial compressed air management technology for operational and energy efficiency (AirSmart) and power storage systems using compressed air (AirBattery) for the integration of power from renewable sources and to support the electricity transmission network.
Augwind uses technology for the compression of air into underground containers, which allows savings of up to 40% in the energy consumption required for high-pressure air compression, according to a release.
Voith Hydro is part of the Voith Group and is a supplier for equipping hydropower plants. Its portfolio of products and services covers the entire life cycle and all major components for large and small hydro plants, including generators, turbines, pumps and automation systems, spare parts, maintenance and training services, and digital solutions for intelligent hydropower.
