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Aries Grid available in 2, 3, and 6 MWh options
Michigan-headquartered Our Next Energy (ONE) has launched Aries Grid, a lithium iron phosphate (LFP) utility-scale battery system that can serve as long-duration energy storage. ONE said that Aries Grid will be manufactured in America and it represents a milestone achievement in efforts to scale-up investments in renewable energy infrastructure and grid reliability.
"Energy storage is the key to decarbonizing both mobility and the grid." said Mujeeb Ijaz, CEO & Founder of ONE. "With Aries Grid, ONE is servicing a market demand for safer and more sustainable utility-scale energy storage solutions that are, for the first time, cost competitive with fossil fuels, thanks to the Inflation Reduction Act."
The IRA introduced tools that enables ONE and its customers to take advantage of product cost offsets and federal investment tax credits to develop Aries Grid. The IRA support implies that Aries Grid can be utilized with renewable energy capabilities to provide baseload generation, a previously cost-prohibitive exercise in many markets.
Leveraging Aries transportation 79-kWh battery pack of ONE, Aries Grid will be offered in 2, 3, and 6 MWh modular units that allow for system customization. The lithium-ion energy storage system uses an LFP cathode chemistry that is more durable and has double the lifetime energy throughput of the nickel, cobalt and manganese (NCM) chemistries which make up most commercially available stationary energy storage systems in the U.S.
ONE mentions that with discharge times ranging from 4 to 12 hours, Aries Grid can create a renewable microgrid that provides 24x7 firm capacity baseload to power factories, data centers and communities.
Dr. Deeana Ahmed, Vice President of Strategy, Policy & Sustainability of ONE, stated, "Aries Grid offers utilities a versatile grid asset while providing businesses with a tool to help decarbonize their supply chains. With durable, sustainable, Michigan-built batteries, there is a real path forward to increasing renewable electricity across the U.S. and around the world."
The energy landscape in the US is shifting fast in favour of renewable energy. In 2022, more than 60% of new capacity added to the country's utility grid was based on renewable energy.
