EnStorage Signs R&D Agreements With International Energy Cos.

November 16, 2014 | The Israeli renewable energy storage company EnStorage signed an R&D agreement with the international energy management company Schneider Electric and Areva, a French energy corporation. The companies will work together to develop a renewable energy storage system that will potentially be sold in 135 countries worldwide. The system will allow for energy manufacturers, wind farmers, and renewable energy manufacturers to store up from 150 kilowatts up to many megawatts of power. According to reports, the system will be built in late 2015 and will be sold end users by late 2016.