Press Release

INDIANAPOLIS, Nov. 25 /PRNewswire-FirstCall/ -- Advanced lithium-ion battery maker EnerDel will enter the utility-scale energy storage market, supplying batteries for a major new smart grid program announced yesterday by the US Department of Energy. EnerDel will build the batteries for five one-megawatt power systems that will be used by Portland General Electric (PGE) - a pioneer in smart grid technology deployment -- to help manage peak demand and smooth the variations in power from renewable sources like wind and solar.

"Energy storage is a key component of the smart grid, as well as a crucial tool for enhancing both the reliability and the availability of renewable but often intermittent energy sources like wind and solar," said Cyrus Ashtiani, Chief Technology Officer at EnerDel. "We expect this sector to be a major growth area for the battery industry. This program is a breakthrough opportunity for EnerDel to prove the capabilities of our systems in partnership with one of the most innovative electric utilities in the country."

Each of the five EnerDel battery systems will store enough energy to power roughly 400 average American homes simultaneously for up to an hour at a time utilizing the same core chemistry as the EnerDel batteries designed for the emerging new generation of plug-in hybrid electric vehicles. The new systems will be used in concert with >>