Tesla and Gaelectric to Introduce Tesla Battery Storage to Ireland

Dublin (ots/PRNewswire) -

Companies agree to develop 1-MW demonstration project to
facilitate the integration of renewable energy sources

Gaelectric and Tesla today announced the purchase and planned
deployment of Tesla Energy's first battery power utility-scale
project in Ireland. The two companies are collaborating to develop a
pipeline of multiple battery projects to build new transmission
system services required to facilitate the integration of renewable
energy sources such as solar and wind. The initial demonstration
project, 1-MW in size, is targeted for deployment in 2016.

(Photo: http://photos.prnewswire.com/prnh/20150528/747599 )

Together, Tesla and Gaelectric are focused on exploring the
development and demonstration of innovative business models for
energy storage within transmission systems. Specifically, exploring
opportunities for other Tesla Energy products in residential and
commercial applications. Ireland has many compelling features for the
commercialisation of the Tesla Energy product range given its scale
and ambitious renewable energy targets and favourable regulatory
framework. Investigation of other European markets also forms part of
the collaboration.

Tesla is amplifying efforts to accelerate the move away from
fossil fuels to a sustainable energy future with Tesla batteries,
enabling homes, business and utilities to store sustainable and
renewable energy to manage power demand, provide backup power and
increase grid resilience.

Commenting, Brendan McGrath, Gaelectric Group CEO, said:

"We are delighted to be associated with Tesla in introducing its
battery systems to Ireland. As a renewable energy group with a
pipeline of 500 MW of wind power in Ireland and energy storage
projects in Ireland and Europe, Gaelectric has an obvious incentive
to drive the adoption of technologies that facilitate the economic
dispatch of wind and other renewable sources."

Commenting, Gaelectric Head of Energy Storage, Keith McGrane,
said:

"The accelerating pace of storage technology development and its
application to how we generate, use and store power is truly
astounding. Much of these developments are around incorporating
greater amounts of renewable power while protecting the stability of
our transmission systems and controlling costs. Tesla is the vanguard
for the revolution that is currently underway."

Gaelectric Energy Storage Ltd. was established in 2006 by
Gaelectric Group to progress grid-level energy storage technologies,
including compressed air energy storage (CAES) technology with a 330
MW project near the town of Larne in Northern Ireland. The Group has
established positions in onshore wind generation in Ireland and the
United States.

Issued by FTI Consulting, contact:

Jim Devlin, FTI Consulting, m. +353(0)87-2631057, e. jim.devlin@fticonsulting.com

Photo:
http://photos.prnewswire.com/prnh/20150528/747599

ots Originaltext: Gaelectric
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