SEOUL, South Korea, Sept. 2, 2024 — H2, Inc. will install a 1.1MW/8.8MWh vanadium flow battery (VFB) system in Spain. This marks the largest VFB project in Spain. The project, which will be commissioned by Spain government’s energy research institute, CIUDEN, a Public Foundation for energy research under the Spanish Ministry for Ecological Transition and Demographic Challenge, is intended to deploy a long-duration solution that provides maximum power for 8 hours. H2 successfully secured the bid in collaboration with local Spanish companies.
H2 will furnish the entire battery system, the project’s core component. The battery employed will be H2’s newly developed modular flow battery, EnerFLOW 640. VFB presents a more competitive solution than lithium-ion batteries in terms of fire safety and lifespan, with virtually no degradation over 25 years. Additionally, it is highly environmentally friendly as the vanadium electrolytes can be either recycled or reused at the end of the project’s lifespan. Specifically regarding the EnerFLOW 640, this VFB boasts the smallest footprint ever achieved with a VFB, attributed to H2’s latest high-performance stacks, unique three-block design, and HyperBOOST technology. The project is anticipated to be completed within 16 months, with installation scheduled for the second half of 2025.
Significantly, Spain is a leader in energy transition within Europe, striving to utilize renewable energy for over 80% of its total energy generation by 2030 as part of its net-zero targets. To ensure a stable power supply, Spain has set a goal to install 20GW of energy storage and has chosen vanadium flow batteries as the energy source for an 8-hour long-duration project. The burgeoning demand for large-scale LDES (Long-Duration Energy Storage) across the globe underscores the role of VFB in mitigating climate change and attaining carbon neutrality.
H2 specializes in flow batteries, with proprietary technology developed internally and a production capacity exceeding 330 MWh in South Korea. Through this project, H2 has established a cornerstone for entering the European LDES market, with Spain serving as a gateway to the expanding market. This project strengthens H2’s presence in the European market, complementing the ongoing U.S. largest 20MWh project in California. In essence, H2 is effectively building a diverse market portfolio in the core LDES markets of the U.S. and Europe.
Dr. Shin Han, founder and CEO of H2, stated, “Large-scale LDES are rapidly gaining prominence as essential technology to prevent global warming and achieve carbon neutrality, with vanadium flow batteries at the heart of this growth. This Spanish project stands as another compelling example of how H2 is leading the global LDES market through the implementation of cutting-edge flow batteries. H2 will continue to expand the global deployment of its flow batteries, leveraging the production capacity that has recently been significantly ramped up. Furthermore, H2 is planning to construct a second VFB factory in South Korea in the near future to secure gigawatt-hour scale production. As such, you can anticipate witnessing numerous global activities and projects utilizing H2’s top-tier flow batteries”
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SOURCE H2, Inc.