BRISTOL 1st February 2022
Albion Technologies Limited is pleased to announce an initial investment by Britbots, as part of a £850,000-round which is still open to other angel investors interested in backing energy storage start-ups.
Albion Technologies develops and builds battery energy storage systems that allow surplus electrical energy to be stored from renewable power generation facilities, such as solar- or wind-farms. Operators are increasingly looking to incorporate storage systems so that they can feed the nationwide power grid more persistently than previously has been possible.
The company’s technology offers price-performance benefits to renewable electricity generators and stored energy project operators versus competitive products from East Asia. In particular, the application of advanced control to battery cell operation increases total billable energy and allows output levels, after many thousands of charging cycles, to remain extremely high.
Albion proposes to introduce automated control features as part of a next generation “Smart” Battery Energy Storage System (Smart BESS), delivering superior economics from energy yield and eliminates concern of fire safety and provides insurability and bankability for operators and installations, as well as extending national grid security more generally.
Albion’s Smart BESS pilot installation, planned for later this year, will validate the delivery of over 95% of the energy capacity from each battery cell, therefore increasing the energy charge storage and discharge delivery, versus the status quo, by over 30%. Early testing also indicates a near doubling of the effective battery lifetime to 12,000 cycles or more. Having demonstrated the capabilities of the technology in the pilot, Albion expects to deliver to a strong order book later in 2022 and 2023.
Sir Robert Bucher, CEO of Albion says: “Smart BESS directly supports the goals of the UK COP26 initiatives by allowing accelerated attachment of renewable solar and wind power and by extension ultra-fast EV charge station networks to the UK national grid. This program is a necessity to stabilise the power infrastructure and eliminate diesel generators and their emissions.“
Dominic Keen, Managing Partner of Britbots says: “We are enthusiastic about our investment made in Albion Technologies and look forward to working with Robert and the team to scale up the business over the forthcoming years as the market for energy storage systems grows.”
Contacts:
Britbots: [email protected]
Albion Technology: [email protected]
Britbots website: www.britbots.com
Albion Technologies website: www.albiontechnologies.co.uk/
Add a Comment