"We believe ViZn's technology is very interesting and has significant potential in energy storage applications..." - this is what CMI Energy Executive President Jean-Michel Gheeraerdts says about ViZn Energy's zinc-redox flow batteries. Today the worldwide industrial leader and ViZn are announcing a partnership on energy storage projects, the first of which will be built at CMI's HQ in Belgium. This is a strong commitment to ViZn's technology from a company with over 200 years of energy industry experience.
AUSTIN, Texas and SERAING, Belgium - December 12, 2017 - ViZn Energy Systems Inc. (ViZn), a leading provider of utility scale energy storage systems, and CMI Energy, a division of worldwide industrial leader Cockerill Maintenance & Ingénierie (CMI), are pleased to announce a strategic partnership on energy storage projects. The initial project features a 400 kilowatt, 3-hour, zinc redox flow battery system that will be integrated with 2 MWp of rooftop solar PV and installed at CMI's headquarters in Seraing, Belgium.
"CMI is a leading EPC and has the engineering expertise to assimilate our zinc redox flow batteries into projects with business cases like peak shaving, time shifting, and numerous on-grid applications in addition to providing ongoing operations and maintenance over our systems' 20-year lifespan," said Ron Van Dell, CEO of ViZn Energy.
CMI Energy has been active in the energy business for 200 years and is a leader in the design and supply of numerous industrial-scale products for electric power plants such as industrial boilers, heat recovery systems, and solar thermal receivers. CMI Energy also utilizes its energy industry expertise to provide EPC and system integrator services for energy storage projects and with ViZn Energy will focus on: renewables integration, waste water treatment, mining, oil and gas, chemical, and other commercial and industrial energy storage use cases.
"We believe ViZn's technology is very interesting and has significant potential in energy storage applications because it is non-toxic, utilizes abundant raw materials, is highly scalable, and can provide multiple revenue streams," said Jean-Michel Gheeraerdts, Executive President at CMI Energy. "With renewables generation capacity rapidly growing, energy storage is set to expand globally. CMI Energy has conducted a thorough study and decided to invest in its headquarters with a 2MWp PV system and battery storage, which will help CMI demonstrate technologic and economic viability in both grid-tied and off-grid operations. CMI has created a new business unit dedicated to energy storage and is definitively moving forward to meet growing demand with a bankable solution."
ViZn is currently delivering systems in the United States, Canada, Central America, Europe, and India. ViZn Energy's flow batteries are uniquely capable of performing both rapid, high-power discharges and slower, long-duration releases at lower power - unlike other comparable storage technologies which can only do one or the other. This ability to provide a second daily cycle of merchant services can result in 50 percent more revenue per year. The inherently safe zinc-iron chemistry uses globally abundant materials and is non-flammable, non-toxic, and easily recyclable at the end of its life.
About ViZn Energy Systems, Inc.
ViZn Energy Systems, Inc. is an energy storage leader that is deploying a highly versatile zinc-redox flow battery solution for utility, commercial and industrial, and microgrid applications worldwide. The company was founded in 2009 by a visionary team of scientists, engineers, and business leaders who were passionate about creating a revolutionary energy storage solution that can uniquely perform a broad array of power and energy services for up to 20 years while also providing superior return on investment (ROI) on total system costs. Based on eight years of research, the ViZn solution is safe, reliable, cost effective, and scalable to meet the needs of today's ever-changing energy landscape. For more information, visit: www.ViZnEnergy.com
CMI designs, modernizes and maintains equipment in the domains of energy, defense, industry, the environment and railways. The solutions which CMI offers its clients contribute to improving the economic and technical performance of their production equipment, while reducing their environmental footprint. With turnover of almost 1.2 billion Euros and a highly qualified workforce of over 4,600, the CMI Group is based in Seraing (Belgium) and has locations in Europe, the United States, Africa, Brazil, Russia, India and China. www.cmigroupe.com
About CMI Energy
CMI Energy belongs to CMI, Cockerill Maintenance & Ingénierie. Capitalizing on 200 years of experience in steam generation and boiler manufacturing, CMI Energy is a global leader in the design, supply, assembly and commissioning of Heat Recovery Steam Generators (HRSGs) for combined cycle power plants, for cogeneration, integrated solar combined cycles and industrial applications. Over 700 CMI HRSGs are installed worldwide behind gas turbines of all brands and power ratings. CMI Energy provides high quality technical expertise for steam boilers of all brands.
CMI Energy is also a developer and supplier of thermal solar receivers for high concentrated solar thermal power stations. Finally, CMI Energy has recently specialized in energy storage. More information on www.cmigroupe.com/energy
For additional information:
Mercom Communications, a division of Mercom Capital Group
ViZn Energy Systems Inc. Contact:
Mike Grunow / VP Marketing
ViZn Energy Systems, Inc.
Laurence Petit / Communication Manager
Cockerill Maintenance and Ingénierie (CMI), Energy Sector