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CellCube, Immersa and Hive Energy Building Green Peaker Plants
CellCube, Immersa and Hive Energy Building Green Peaker Plants.
About this update from Saltbae Capital Corp
[{"type":"text","content":"\n\n\n\nCellCube, Immersa and Hive Energy Building Green Peaker Plants\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCellCube, Immersa and Hive Energy Building Green Peaker Plants\nPR Newswire\nTORONTO, April 24, 2019\n\n\n\nTORONTO, April 24, 2019 /PRNewswire/ -- CELLCUBE ENERGY STORAGE SYSTEMS INC. (\"CellCube\" or the \"Company\") (CSE: CUBE) (OTCQB: CECBF) (Frankfurt 01X, WKN A2JMGP) is pleased to announce Hive Energy, Immersa Ltd. and CellCube have formed a consortium to jointly build and develop Solar & Storage projects at a grid scale level to offer green peaking power and reserve power capacity. HICC Energy Ltd. (\"HICC\") was founded April 17, 2019 by Hive Energy to bring their joint portfolio of projects to market. HICC will be a special vehicle for development projects and financed through third party project financing or by grants offered for renewable projects. The products and services will be purchased from the partner companies and any additional terms will be determined on a per project basis.   \nRecently the UK made announcements on derating solar and short duration storage which has created opportunities for long duration batteries. Hive Energy, Immersa Ltd. and CellCube have identified a combined long duration storage with solar to be the most competitive and commercially attractive solution under current UK regulation. While Hive Energy builds large solar plants at their own grid connected sites, Immersa Ltd. will deploy the new generation of CellCube's long duration Vanadium Redox Flow Batteries allowing for flexible availability of stored energy across multiple hours throughout the day.\n\"We are delighted to see long duration storage becoming available at competitive costs\", Hugh Brennan, MD of Hive Energy explains, \"this allows us to offer a reliable renewable energy supply to the market\".\nRobert Miles, CEO & Director of Immersa Ltd. adds to this \"predictable power generation not only offer services at an attractive price to the balancing market but can also enter the short term operating reserve or STOR m...