)—is on the verge of some big advances to its innovative metal-hydrogen battery technology that I think could render grid-scale lithium-ion battery installations obsolete.
EnerVenue batteries are designed to store energy from two to 12 hours at a time; storing for shorter periods is less efficient because discharging after two hours’ storage places greater stress on the batteries than discharging after 12 hours.Heinemann told me that even in a two-hour storage scenario, EnerVenue’s Gen 4 batteries have an impressive 85% RTE.
Heinemann also told me that the company presently has $2.3 billion in orders and a total of 56 GWh in prospective deals in its sales pipeline. This backlog represents an 8x increase in the company’s sales pipeline compared to last year.