INE Awards Altairnano Firm Contract for 10 Megawatt Energy Storage System in El Salvador

Battery Metals

Altair Nanotechnologies, Inc. ((NASDAQ: ALTI), announced that it has signed a contract with Inversiones Energéticas, S.A. de C.V. , one of El Salvador’s largest electric generation utilities, to provide a turn-key 10 Megawatt ALTI-ESS advanced battery system for frequency control.

Altair Nanotechnologies, Inc. ((NASDAQ: ALTI), announced that it has signed a contract with Inversiones Energéticas, S.A. de C.V. , one of El Salvador’s largest electric generation utilities, to provide a turn-key 10 Megawatt ALTI-ESS advanced battery system for frequency control.

The press release is quoted as saying:

The contract, valued at 18 million U.S. dollars, requires Altairnano to provide a complete turn-key installation at INE’s Talnique power station, including all phases of site preparation, system installation, testing and commissioning. The ALTI-ESS uses Altairnano’s patented lithium-titanate battery chemistry for its energy storage system, which has been in commercial operation for approximately two years.

Click here to access the entire press release.

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×