Business Wire

Xago Africa and Alevo Analytics Partner with US Trade and Development Agency to Provide Technical Assistance for Energy Storage in Kenya

Del

USTDA is partnering with Kenyan renewable energy developer Xago Africa and US battery storage manufacturer Alevo USA, Inc and analytics service provider Alevo Analytics to support the development of a utility scale solar photovoltaic power plant with integrated battery storage in Siaya County, Kenya. The project will utilize battery storage technology from Alevo and will be among the first utility-scale battery storage installations in Africa.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170517006083/en/

U.S. Ambassador to Kenya, Robert F. Godec, signs the grants on behalf of USTDA, along with Xago Afri ...

U.S. Ambassador to Kenya, Robert F. Godec, signs the grants on behalf of USTDA, along with Xago Africa Managing Director, Paul W. Webb. (Photo: Business Wire)

A $1.4 million technical study supported by the partnership will also provide detailed analytics for the Kenyan power system and serve as a roadmap to help advance the energy storage market in Kenya. Implementation of energy storage technologies can increase the efficiency and stability of the national grid, allow for increased integration of renewable energy generation sources, and reduce reliance on expensive fossil fuel generation in Kenya.

"Our primary focus is on solar energy which has the potential to eliminate the power shortages that hold back socio-economic development across the continent,” said Paul W Webb, Xago Africa’s Managing Director. “Furthermore, energy storage will transform electricity transmission networks and rapidly accelerate the take‐up of renewables, and we are proud to be partnering Alevo which leads the field in battery technology and network analytics. This USTDA funded project builds on our valuable relationship with Power Africa and will lay the foundations for the Kenyan electricity system to become the most advanced in Africa."

“Solar plus energy storage will enable Kenya to increase the adoption of renewable energy as the storage will provide grid stability, help to manage solar intermittency, and provide dispatchability of clean reliable and sustainable power to the Kenyan people,” confirmed Dr Randell M Johnson, PE, Chief Analytics Officer, Alevo Analytics.

Julian Oteng, Xago Africa’s Director of Operations, said “We are also looking at expanding into other territories. Energy storage is coming and we aim to lead the way in North and Sub‐Saharan Africa with Alevo Battery Technology. This is the start of a long-term relationship which will help to bring clean power to the 600 million Africans who do not have access to electricity.”

“USTDA is pleased to facilitate new business partnerships between US and Kenyan companies that can spur long-term, sustainable economic growth,” said Sub-Saharan Africa Regional Director Lida Fitts. “The adoption of innovative and cost-effective US technology can help Kenya to meet its energy development goals.”

Xago Africa is currently developing a 40 MW solar power plant at a cost of around $75 million near Lake Victoria which will alleviate the chronic power shortages in Western Kenya. And together with construction partner, Solarcentury East Africa, Xago Africa will provide solar power systems to three schools in the area in addition to its ongoing support for the Mama Sarah Obama Foundation’s school building programme.

About Xago Africa

Xago Africa was established in 2014 to deliver vital public infrastructure projects financed by private sector funding with the aim of fostering economic growth and sustainable industrial development in Africa. Headquartered in Kenya, Xago Africa combines environmental engineering and project development capabilities with an extensive investor network to accelerate socio‐economic development for the people of Africa.

About Alevo

Alevo®, a leading provider of energy storage is redefining energy as a developer, manufacturer and provider of grid‐scale energy storage solutions featuring GridBank® & Alevo Analytics. GridBank lithium‐ion batteries feature a proprietary inorganic electrolyte (Alevolyte™), which is non-flammable and offers extreme long life and stability. Alevo’s vertically engineered turnkey energy storage solution can be placed anywhere on the electricity supply chain, to reduce energy waste, lower greenhouse gases and other emissions, create efficiencies and lower costs. Founded in 2009, Alevo is headquartered in Switzerland with GridBank manufacturing in the US.

About Alevo Analytics

Alevo Analytics provides advanced energy storage and network analytics, simulation capabilities, business intelligence and advisory services with a primary focus on the power and energy sectors. Alevo Analytics offers Consulting Services, Analytics IQ databases and its GridMaestro™ product suite of real time software solutions for remote operation and control of energy storage with SCADA, SSE Stacked Services Emulator, Data Collector and Master Controller.

About USTDA

The US Trade and Development Agency helps companies create US jobs through the export of US goods and services for priority development projects in emerging economies. USTDA links US businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.

Contact information

Media:
AxiCom PR for Alevo
James Kennedy
James.kennedy@axicom.com
+44 20 7559 5624

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Celltrion Receives Positive CHMP Opinion for Herzuma® for Trastuzumab Biosimilar15.12.2017 22:13Pressemelding

Celltrion, Inc. (KOSDAQ: 068270) announced today that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) issued a positive opinion recommending that Herzuma® (trastuzumab biosimilar) be granted marketing authorization in the European Union (EU) for the treatment of patients with early breast cancer, metastatic breast cancer, or metastatic gastric cancer whose tumors have either HER2 overexpression or HER2 gene amplification. The CHMP’s opinion will now be sent to the European Commission (EC) for final review. Herzuma® is a biosimilar to Herceptin®i, a breast cancer and gastric cancer treatment antibody biologic drug developed by Genentech and marketed by Roche. Herceptin® is a blockbuster drug which had worldwide sales of CHF 6.8 billionii (US$6.8 billion) in 2016, of which CHF 2.1 billioniii (US$2.1 billion) was in

Takeda and TiGenix announce that Cx601 (darvadstrocel) has received a positive CHMP opinion to treat complex perianal fistulas in Crohn’s disease15.12.2017 12:34Pressemelding

Takeda Pharmaceutical Company Limited (TSE: 4502) (“Takeda”) and TiGenix NV (Euronext Brussels and NASDAQ: TIG) (“TiGenix”) today announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA), in conjunction with the Committee for Advanced Therapies (CAT), has adopted a positive opinion recommending a marketing authorization (MA) for investigational compound Cx601 (darvadstrocel). Cx601 is expected to be indicated for the treatment of complex perianal fistulas in adult patients with non-active/mildly active luminal Crohn’s disease, when fistulas have shown an inadequate response to at least one conventional or biologic therapy.2 This recommendation marks the first allogeneic stem cell therapy to receive a positive CHMP opinion in Europe. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/201712

Bitcoin Romania and Twispay Announce Integration Partnership Providing Users with the Ability to Purchase Bitcoin with Bank Cards15.12.2017 12:21Pressemelding

Bitcoin Romania, leading Eastern European Bitcoin exchange & brokerage firm, and Twispay, Swiss-owned European payment processor and FinTech pioneer, today announced the availability of a payment integration that allows a global clientele to acquire Bitcoin and Ethereum cryptocurrencies using Visa and Mastercard bank cards. Unprecedented in Romania, this is one of the first East-Central European integration partnerships that allow consumers to use their cards to purchase cryptocurrency. Until recently, investors could only acquire cryptocurrencies through bank transfers and cash deposits, but the volatility of cryptocurrency markets dictates the need for additional operational flexibility. Investors require faster, safer, more reliable, and more comfortable ways to complete purchases. “One minute can make the difference between a million lost and a million earned. That is pr

Upon Conclusion of the Fourth Annual Forum for Promoting Peace in Muslim Societies, Scholars and Intellectuals Visit the Louvre Abu Dhabi Museum15.12.2017 11:38Pressemelding

A high-level delegation of dignitaries, scholars and intellectuals participating in the fourth annual Forum for Promoting Peace in Muslim Societies, visited the Louvre Abu Dhabi museum. The delegation was headed by H.E Mustafa Ceric, former Grand Mufti of Bosnia; alongside Sheikh Mohammad Mukhtar Ould Imbala, Head of Mauritania’s Fatwa & Grievances Supreme Council; H.E Amar Mirghani Hussein, Sudanese Minister of (religious) Guidance and Endowments; and H.E Salho Jay, Imam of the Juma Masjid in South Africa. The Forum was held in Abu Dhabi from 11-13 December 2017, with the participation of more than 700 scholars, intellectuals and religious dignitaries from around the world. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171215005255/en/ Group Photo of the Scholars and Intellectuals during their visit to the L

Kennedy Wilson Acquires 124-Unit Northbank Apartments in Dublin, Ireland for €45 Million15.12.2017 11:00Pressemelding

Global real estate investment company Kennedy Wilson (NYSE: KW) announces that it has acquired Northbank Apartments, a wholly-owned 124-unit apartment community in Dublin’s North Docks, for €45 million from Jarmar Properties Limited (In Receivership) acting through David Carson of Deloitte as Statutory Receiver, the lender being the National Asset Management Agency (“NAMA”). Situated in Dublin’s North Docks, Northbank is located just 50 meters from Kennedy Wilson’s existing 84-unit Liffey Trust apartments. The two buildings benefit from great transport links as the LUAS Red line is immediately adjacent connecting to Dublin’s city centre and main train stations in five minutes. “The successful acquisition of Northbank in such close proximity to our Liffey Trust asset allows us to leverage our existing presence and implement our value-add asset management strategy, including a

AML BitCoin Enters Phase II of ICO15.12.2017 09:00Pressemelding

NAC Foundation, LLC announces today that the initial coin offering for the AML BitCoin – the world’s only patent-pending compliant digital currency – has been extended for another month to accommodate a torrent of last minute, new coin purchasers and the demands of thousands of current owners of the coin, who have had difficulty navigating the process of establishing the specialized wallet required to hold the innovative digital currency. This second phase of the AML BitCoin initial coin offering will see an increase in the price of the coin, from US $1.00 to US $1.25. The company has already been contacted by prospective purchasers in the slightly higher priced Phase II, and anticipates a further price increase to US $1.50 within a week or two. HitBTC, one of the world’s largest and most active digital currency exchanges, was prepared to list the AML BitCoin for trading on

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom