AEG Power Solutions Launches its Hybrid Energy Storage Solution, Cutting Down Costs of Energy Storage Systems

MUNICH, June 22, 2016 /PRNewswire/ --

EES Europe
Booth B1 181

• The new platform is a unique system combining battery energy storage with Power-to-Heat technology
• The solution targets the primary control reserve power reducing capital expenditure by 30 % and possibly more, depending on installation

AEG Power Solutions, a global provider of power electronic systems and solutions for industrial power supplies and renewable energy applications, today announced it has developed a unique Hybrid Energy Storage System which combines standard battery storage with power-to-heat technology to reduce the total cost of energy storage operation.

(Photo: http://photos.prnewswire.com/prnh/20160622/382313 )

The solution can be installed in any type of facility which uses thermal processes, including local heat networks in combination with an electrical distribution network.

With the Hybrid Energy Storage solution from AEG PS, the power conversion system (PCS) becomes the central key element operating the power management and controls both the battery as well as the heating system. The PCS and all equipment required for grid connection (e.g. transformer and switch gear) therefore are used for both the batteries and the heater. The platform allows for all typical applications of standard battery energy storage in particular, frequency regulation; bby combining both systems, the capacity of the thermal storage adds up to the battery storage capacity.

"Technically, in a stand-alone battery energy storage system, explains Andreas Becker, Product Manager at AEG Power Solutions, it's necessary to keep a battery charge stable at the 50% level in order to provide grid frequency regulation. By combining it with a power to heat system, we allow extra energy to go to the thermal process. The battery can then operate at 100% capacity."

This in fact leads to dividing the battery total capacity required by almost two. Taking into account that they represent usually around 70% of an energy storage installation, the economic benefit of the innovation is obvious and the payback period of the investment is approximately 3 years faster in a primary control power market.

AEG Power Solutions engineers the complete solution and provides the key components such as the power conversion hardware and the power management software.

AEG PS is an innovator in energy storage and management thanks to its many decades of experience in the world of UPS, power electronics, batteries as well as international grid connection compliance. This unique combination of know-how has been leveraged to design products and solutions for energy storage.

Visit AEG PS at EES Europe Booth B1 181 and on the web at: http://www.battery-energy-storage.com/

About AEG Power Solutions

AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial and demanding commercial power requirements offering one of the most comprehensive product and service portfolios in the area of uninterruptible power supply and power management.

Thanks to its distinctive expertise bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for next generation distributed power generation.

AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power S.A. (WKN A114Z9) / ISINLU1072910919), based in Luxembourg. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K).

For more information, visit http://www.aegps.com.

This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.

3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.

For further information, please contact:

Claire Pairault
Corporate Communications
AEG Power Solutions
Mobile: [phone]
Email: [e-mail]

Andreas Becker
Product Manager
AEG Power Solutions
Phone [phone]
Email: [e-mail]