Adena Power was one of 25 top leading start-up companies which participated in the Electric Power Research Institute, Inc. (EPRI) Incubatenergy Lab Program’s Pitch Day to demonstrate and deploy innovative solutions for utility customers. This open innovation program links startups with electric utilities to demonstrate and scale innovations in decarbonization, electrification, grid modernization, and resilience. Adena was selected by the participating utilities and EPRI based on our strategic innovation imperatives and identifying the innovation challenge areas that are common across the group. Doing so maximizes the value to both the utilities trying to solve these challenges and the startups working to scale their solutions across a large customer base.
Neil Kidner, president of Adena Power, presented to the Incubatenergy Lab attendees the week of March 6. His presentation focused on how Adena Power’s Long Duration Energy Storage system concept and how it provides value to utilities and the C&I market alike.
“We are grateful for the opportunity to participate in the EPRI Incubatenergy Lab Program,” stated Dr. Kidner. “The Adena Power battery technology leverages Nexceris’ nearly 30 years of ceramic processing experience to innovate beyond existing battery technologies and provides a differentiating energy storage solution that delivers superior performance and economic viability versus other leading battery technologies. We look forward to using this program to demonstrate how our battery technology can address the pain points of utility customers.”
Companies selected out of Pitch Day will begin work with EPRI and utilities over six weeks to refine their use case, scope and contract a 16-week demonstration project. Projects kick off in June 2023 when selected companies will work with EPRI and a lead utility on demonstration execution.
Examples of past utilities involved in the program include: American Electric Power (AEP), Ameren, Consolidated Edison (Con Edison), Enel, Entergy, FirstEnergy, Fortis Inc., Grupo Energía Bogotá (GEB), National Grid Partners, New York Power Authority (NYPA), Pacific Gas & Electric (PG&E), Portland General Electric (PGE), Salt River Project (SRP), Southern California Edison (SCE), Tennessee Valley Authority (TVA), Vermont Electric Power Company (VELCO), and Xcel Energy.
The EPRI Incubatenergy Lab Program started in 2019 when EPRI and seven utilities collaborated on the Illumination LAB and ran paid demonstration projects with six startups.