Stock Under $10 with 50-100% upside potential - 14 Days FREE!

AES Selects Mitsubishi-GS Yuasa And Parker-Hannifin To Supply Battery Energy Storage System

Stock quotes in this article: AES 

AES Gener and AES Energy Storage today announced the selection of Parker-Hannifin to supply advanced battery energy storage systems for their new Cochrane power station. The battery energy storage system will be supplied by Mitsubishi Corporation with the lithium ion battery module manufactured by GS Yuasa and the lithium ion battery cells by Lithium Energy Japan, a joint venture of Mitsubishi Corporation and GS Yuasa. The project is the companies’ third energy storage facility in Northern Chile, integrating 20MW of advanced battery-based energy storage with a 532MW thermal power plant. The project is owned by AES Gener, the second largest power generator in the country, and Mitsubishi Corporation.

“We are pleased to announce our relationship with Mitsubishi Corporation and GS Yuasa, leading suppliers of advanced batteries and to continue working with Parker, a leader in power conversion systems,” said Chris Shelton, President of AES Energy Storage. “These are strong partners among a robust global supply chain for energy storage.”

“We are very excited about this addition of the battery storage system to our Cochrane power station. We already have battery energy storage systems in our Angamos and Norgener power plants. It will be good for the supply of power in the northern grid, and also for the stability of the system,” said Felipe Cerón, CEO of AES Gener S.A.

The Cochrane facility being developed by AES Gener, will incorporate AES Energy Storage’s Advanced Reserves product including patented controls, a highly reliable modular system architecture, and industry leading operational support. The advanced lithium-ion battery modules for the project will be supplied by GS Yuasa, a world’s leading manufacturer of batteries, and the battery cells will be supplied by Lithium Energy Japan, a leading lithium ion battery manufacturer who supplies large capacity cells to Automotive and Industrial Application from its world’s first mass production plant. The Grid Services division of Parker-Hannifin will provide power conversion and system-level services. The battery energy storage systems in combination with the energy produced by the Cochrane generating station will provide responsive, reliable power in the Northern Grid.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,346.07 -8.33 -0.05%
NASDAQ 3,498.52 -0.45 -0.01%
S&P 500 1,667.47 0.00 0.00%
US 10 Yr 1.965% +0.016

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs