Multi-day energy storage startup Ore Energy signs 1GWh iron-air battery deal with Dutch utility
AI-summarised brief · reviewed before publication
Energy storage startup Ore Energy has signed a deal with Dutch utility Budget Thuis to deploy up to 1,000MWh of multi-day-duration iron-air batteries. The 400MWh first phase is set to be delivered in 2028. Ore Energy's battery technology is based on iron, water, and air, and is configurable for discharge durations of 24 hours to 100 hours. This technology is designed to store wind energy over multiple days and dispatch it when needed, addressing the issue of curtailed renewable energy in Europe.
💡 Why It Matters
- · The success of iron-air battery technology could be a game-changer for European grids, enabling them to store clean electricity when it's abundant and deliver it when it's most valuable.
- · By reducing reliance on fossil fuels, utilities can provide customers with cleaner and more predictable electricity over time, ultimately reducing exposure to volatile fossil fuel prices.