Providence Asset Group and Nedstack will partner to create hydrogen and lithium-ion hybrid energy solution 

February 25, 2020 |

In Australia, Providence Asset Group and Nedstack have signed a strategic partnership agreement to co-develop and deliver hydrogen-based power-to-power solutions for the Australia and Pacific regions. Providence’s hydrogen storage technology and Nedstack’s PEM fuel cell will combine to deliver a hybrid energy storage system that will utilize both hydrogen and lithium battery technology. Their method has the potential to deliver storage for more than 40 hours, way beyond what lithium-ion, lead-acid and redox-flow batteries can achieve on their own. The power-to-power system will be controlled by an advanced AI solution that will guide decision making and “optimize the way solar farms operate.”

Category: Market News

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