Energy Storage

Energy Storage

At Protean Energy there are two storage systems available in our portfolio. One is a compressed air energy storage system (CAES) which is incorporated in the power take off (PTO) for the ProteanTM wave energy system (WES).  

The other, an electro chemical system, relates to Protean's stake in an energy storage system company which has developed a vanadium redox flow battery energy storage system (V-KOR).  
 

VANADIUM REDOX FLOW BATTERIES

 
The Vanadium Redox Flow Battery Energy Storage System (V-KOR) is a rechargeable flow battery that employs vanadium ions in different oxidation states to store energy in the form of two liquid electrolytes. VRFBs are proven to have excellent durability and life spans of 20 years plus can be expected. An important attribute of VRFB systems is that the energy capacity is independent of the power rating, allowing the storage system to be designed for highly specific energy and power requirements and making it well suited to applications with large energy capacity specifications. It also offers adaptability if requirements increase in the future. These batteries are currently used for grid scale energy storage applications where large-scale and long duration electrical energy storage is required and are an ideal solution for the broadening renewable energy generation sources such as wave, tidal, solar and wind.

Vanadium Redox Flow Batteries complement the Company’s Daejon Project asset in Korea, consisting of vanadium, a key element in the manufacture of the VRFBs.

The acquisition of this technology aligns with Protean’s strategy to offer hybrid energy solutions in the transition from fossil fuels to clean, affordable and reliable energy.

 

HOW IT WORKS

Vanadium flow batteries use the movement of liquid electrolytes to enable the replacement of depleted materials and reducing the degradation of materials. Two tanks of liquids (electrolyte) are pumped past a membrane held between two electrodes to generate electricity. The tanks provide the storage and therefore are fully scaleable by adding more tankage and electrolytes.

COMPRESSED AIR ENERGY STORAGE

Protean's proprietary technology in the Wave Energy Converter (WEC) places it in a unique position to provide energy storage in conjunction with a wave energy convertor. The WEC's technology is built around generating compressed air in each individual WEC unit and transferring it to the heart of the wave energy generation system the Power Take off Pontoon (PTOP). Before using this energy to generate electricity it is stored in banks of accumulators. Not only does this system provide smooth power but if there is a calm period with low wave energy to draw on then the compressed air storage can be used to continue the production of electricity. The accumulators are sized according to the needs of the customer and the regularity of the wave resource. Storage capacities of several hours are possible depending upon the circumstances.



APPLICATIONS AND BENEFITS

  • The extremely large capacities possible from vanadium redox batteries make them well suited to use in large power storage applications such as helping to average out the production of highly variable generation sources such as wind or solar power, helping generators cope with large surges in demand or leveling out supply/demand at a transmission constrained region.

    • Long life and excellent performance
      • Nearly unlimited number of cycles, with a 20 plus year lifetime
      • 100% depth of discharge
      • Best value storage solution on a life cycle basis
     
    • Safe and sustainable
      • Non-toxic
      • Non-flammable electrolyte chemistry
      • 100% of vanadium can be re-used once battery is removed
     
    • Additional benefits of the technology include
      • Quick recharge
      • Easily scalable, as power rating (MW) and energy capacity (MWh) are independent
      • Proven operation in high ambient temperatures
  • Compressed air energy storage (CAES) is a key part of Protean Energy's wave energy system. CAES is one of the most widespread energy storage methods used today ouside fossil fuels. Protean has developed an efficient application of this technology which enhances the pressure of the air generated from its wave energy convertor and stores it in both a low pressure accumulator and high pressure reservoir. This provides stability in the wave energy generation of electricity and storage at times of low energy production. 
    • Long life
      • ​Low maintenance
      • Spare parts easy to source around the globe
      • Minimal moving parts
    • Sustainable
      • Non toxic and environmentally safe
      • Non flammable
      • Reusable materials
    • Additional benefits of the technology include
      • In low demand cycles energy is stored in the high pressure reservoir
      • Storage is scaleable using banks of high pressure quads
      • Proven operation in a broad spectrum of industries