(Photo courtesy of Imergy Power Systems)
California-based energy storage firm Imergy Power Systems is partnering with Juno Capital Group to provide large-scale energy storage and renewable energy options at telecommunications sites throughout China, the firms announced Monday.
Juno, which is an investment firm based in China, will integrate Imergy’s storage platform into off-grid or weakly connected telecommunications installations in that nation. These are sites that are powered by diesel generation and can be converted to renewable sources.
The initial phase of this exclusive partnership will target 10,000 sites, according to Imergy. The Fremont, California-based Imergy was founded by CEO Bill Watkins, also known as the former head of hard-drive manufacturer Seagate Technology.
“Juno is uniquely qualified to address the demands of China’s telecom market, and we are very pleased to be working with them in support of the country’s transition to cleaner energy solutions,” Watkins said in a statement. “As China continues to consolidate and broaden its power infrastructure to meet the changing mix of renewable and conventional generation, Imergy is pleased to deliver a high quality, reliable power supply to meet the needs of the telecommunication industry in a cost-effective and sustainable way.”
Imergy’s energy storage platform uses the element vanadium to hold large-scale charges. The company has announced previous partnership with renewable energy producers such as SunEdison, which recently announced plans to purchase 1,000 of Imergy’s batteries in a project to electrify rural India.
Juno Capital focuses on funding for bringing cutting-edge clean energy technology to the Chinse market. Proponents say projects such as the deal with Imergy will cut down on coal-fired power, which accounts for more than 80 percent of China’s electrical generation.