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Cummins Partners with Energy Storage Tech Pioneer to Advance Zero Destination Strategy

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Columbus, Indiana–(Business wire) — Today, Cummins Inc. (NYSE: CMI), a global leader in power technology, announced a $24 million investment in VoltStorage, a leading technology company that manufactures energy storage systems based on environmentally friendly redox flow technology. announced.

Jennifer Rumsey, Cummins Inc. President and COO, said: She takes steps to advance solutions focused on grids and energy storage. Tackling climate change requires a comprehensive approach, with all stakeholders working together. ”

Headquartered in Munich, Germany, VoltStorage was founded in 2016 by Jakob Bitner, Michael Peither and Felix Kiefl. The company develops pioneering battery solutions based on sustainable, cost-saving and environmentally friendly redox flow technology. VoltStorage は、商業および農業企業向けに、特に生態学的なバナジウム レドックス フロー技術に基づいた商用貯蔵システムを開発および製造しています。 In addition, international research and development teams are working on low-cost iron salt batteries, whose properties make them particularly suitable for securing base load capacity for wind farms and solar power plants.

With the development of iron salt technology, the company is setting new standards in the field of long-term energy storage, offering a highly cost-effective and resource-saving option for ensuring baseload capacity in wind farms and solar power plants.所に提供しています。

“Thanks to Cummins, VoltStorage has acquired long-term investors who have a deep understanding of our products, markets and corporate strategy. New funding will enable VoltStorage to provide the technology needed to do this, as energy storage systems are essential to transforming electricity supply into 100% renewable energy. will be,” explains Jakob Bitner, CEO of VoltStorage.

VoltStorage によると、Cummins の投資は、商業および農業企業および住宅地向けの大規模なレドックス フロー貯蔵システムの開発に向けられる予定です。 In addition, we will accelerate product development for iron salt technology toward commercialization.

About Cummins

Cummins Inc. は電力技術の世界的リーダーであり、電力ソリューションの幅広いポートフォリオを設計、製造、販売、サービスする補完的な事業セグメントの企業です。同社の製品は、内燃機関、電気およびハイブリッドの統合パワー ソリューションと、フィルター、後処理、ターボチャージャー、燃料システム、制御システム、エア ハンドリング システム、自動変速機、発電システム、マイクログリッド制御、バッテリー、電解槽, to components such as fuel cells. product. Headquartered in Columbus, Indiana (U.S.), Cummins employs approximately 59,900 people since its inception in 1919, with three global corporate responsibility priorities critical to healthy communities: Education We are committed to advancing a more prosperous world through , environment and equality of opportunity. Cummins serves customers online through a network of company-owned and independent distributors, thousands of distributors around the world, and is expected to generate approximately $2.1 billion in revenue by 2021 with sales of $24 billion. Did. For more information, visit cummins.com.

About VoltStorage:

VoltStorage GmbH is a technological pioneer in constant flow batteries. VoltStorage develops and manufactures energy storage systems based on ecological redox flow technology. VoltStorage は、持続可能なストレージ ソリューションにより、100% 再生可能エネルギーを 24 時間 365 日利用できるようにするというビジョンの達成に努めています。 With an international R&D team and the world’s largest operational flow battery fleet, VoltStorage has extensive expertise and experience in developing and producing sustainable storage technologies. VoltStorage is establishing a mass market alternative to lithium-based storage technology with its redox flow technology. The technology does not require scarce or conflict raw materials, is fully recyclable, and also has high operational reliability and durability. For future generations, for a fairer and cleaner world.

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