Mitsubishi and Eaton to Sell AES Storage in Asia and Europe

  • AES has 384 megawatts of storage in operation or development
  • `We didn’t really have a mechanism to work in those countries'

AES Corp., an independent power producer with operations in 17 countries, signed agreements with Mitsubishi Corp. and Eaton Corp. to market its energy-storage operations outside the Americas.

Mitsubishi will offer AES’s Advancion lithium ion storage technology in Asia and Oceania, and Eaton will do the same in Europe, the Middle East and Africa, according to statements Tuesday.

AES’s battery-storage technology is intended to balance a grid, either absorbing electricity or releasing it, and can complement the intermittent energy supplies from wind and solar farms. The company has 384 megawatts of systems in operation, construction or development in six countries. 

“People were approaching us in places where we don’t have a presence,” John Zahurancik, president of AES Energy Storage, said in an interview Tuesday. “They have an interest in seeing what we’ve done, and the product we have, but we didn’t really have a mechanism to work in those countries.”

Mitsubishi and AES have a longstanding relationship and are working together on a power project in Chile that will include a 20-megawatt storage system. Mitsubishi develops, manufactures and sells batteries to the automotive and industrial markets. It plans to use Advancion in its own projects and will also market it to other companies.

Eaton, a power-management company, envisions storage as a way to help promote wider use of clean energy. “We saw very clearly the destabilization of the European grid coming from renewables,” said Cyrille Brisson, vice president of marketing for Eaton’s electrical business in Europe, the Middle East and Africa.

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