TORONTO, April 10, 2019 /CNW/ -- CELLCUBE ENERGY STORAGE
SYSTEMS INC. ("CellCube" or the "Company") (CSE: CUBE) (OTCQB:
CECBF) (Frankfurt: 01X) (WKN:
A2JMGP) is very pleased to launch its new generation of
CellCube product series the FB250 and FB500. The energy storage
systems reach new performance and flexibility standards for flow
batteries in terms of cycling, power-rating, efficiency and
lifetime. Projects on the megawatt scale are now feasible and
attractive at the lowest levelized cost of storage (LCOS), from a
commercial perspective but also meeting operational standards over
its lifetime, specifically in co-location with renewable power
generation or as part of power-pools for reserve and capacity
markets.
In the upcoming formal launch at the Intersolar & and EES
Exhibition in Munich (booth
C2.534) in May this year, CellCube will release its final
datasheets, but we are happy to share a first glimpse of what can
be expected. All new FB250's and FB500's will come with improved
efficiencies reaching up to 94% for charging and 88% for
discharging. The system can be operated on a permanent overrated
power of up to 200% without resting, which offers in combination 3
different energy tank sizes and a very flexible solution range
between 3 and 12 hours at lowest cost on industrial level.
"Enerox is CellCube's 100% wholly owned subsidiary which is
responsible for the sales and manufacturing of its Vanadium Redox
Flow Battery (VRFB). The related full life cycle business has the
clear goal to make the redox-flow technology the choice for large
scale energy storage," Alexander
Schoenfeldt, COO of Enerox explains, "The market signals are
very clear on the need for large scale energy centric and long
duration storage solutions. With more then 130 projects globally,
our CellCube's have already proven their best in class status for
small installations up to 400kW. Now we will reach new performance
standards in our industry, demonstrating large scale capabilities
with our new generation of energy storage systems. There was one
challenge to manage," as Alexander
Schoenfeldt indicated, "getting battery technology into the
field at a low lifetime cost. Most storage projects actually do not
operate effectively when taking into account the operations of a
system, which may not mean operating at the lowest lifetime cost
including highly degrading performance, required augmentation (or
replacing discharged parts), risking warranties due to more
operational cycles and cooling costs or simply by contamination of
used chemistries."
"There are not many secrets in our industry," says Stefan Schauss, CEO of CellCube, "CellCube has a
proven technology with over 15 years of research and multiple
operating installations of Vanadium Redox-Flow technology. The
Company has created an eco friendly storage infrastructure for the
benefit of the future energy world with a need for sustainable,
environmental solutions. Such hidden costs can either kill the
project or the vendor," summarizes Stefan
Schauss. "So, with our long-lasting field experience we have
come up with a state of the art energy storage system that
addresses multiple solutions but most importantly at a lower total
cost of ownership."
About CellCube Energy Storage Systems Inc.
CellCube is a Canadian public company listed on the Canadian
Securities Exchange (symbol CUBE), the OTCBB (symbol CECBF), and
the Frankfurt Exchange (Symbol 01X, WKN A2JMGP) focused on the
fast-growing energy storage industry which is driven by the large
increase in demand for renewable energy. CellCube supplies
vertically integrated energy storage systems to the power
industry. Enerox GmbH is the developer and manufacturer of
CellCube energy storage systems. CellCube's other subsidiaries are
EnerCube Switchgear Systems, Power Haz Energy Mobile Solutions Inc.
The Company has also invested in an online renewable energy
financing platform, Braggawatt Energy Inc.
CellCube develops, manufactures, and markets energy storage
systems on the basis of vanadium redox flow technology and has over
136 project installations and a 10 year operational track record.
Its highly integrated energy storage system solutions features 99%
residual energy capacity after 11,000 cycles (cycling daily for 28
years) and larger scale containerized modules. Basic building
blocks consist of a CellCube unit family with 4, 6 and 8 hours
variation in energy capacity.
Visit the CellCube team at booth C2.534 at Intersolar/ees
Europe in Munich May 15-17,
2019
On behalf of CellCube Energy Storage Systems Inc.,
Stefan Schauss, CEO
This news release contains certain "forward-looking
statements" within the meaning of Canadian securities legislation.
Forward-looking statements are statements that are not historical
facts which address events, results, outcomes or developments that
the Company expects to occur; they are generally, but not always,
identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims",
"potential", "goal", "objective", "prospective", and similar
expressions, or that events or conditions "will", "would", "may",
"can", "could" or "should" occur. Forward-looking statements are
based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made and they involve a
number of risks and uncertainties. Certain material assumptions
regarding such forward-looking statements are discussed in this
news release and the Company's annual and quarterly management's
discussion and analysis filed at www.sedar.com. Except as
required by the securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should
change.
Neither the CSE nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility
for the adequacy or accuracy of this release.
Contact details
Glenda
Kelly, Investor Communications
+1-800-882-3213
Email: info@cellcubeenergystorage.com
www.cellcubeenergystorage.com
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SOURCE CELLCUBE ENERGY STORAGE SYSTEMS INC.
