Infra Balance New Energy (IBNE) and IONATE have signed a memorandum of understanding (MoU) to collaborate on combining flexible assets with a visibility and power-flow control technology.
Subject to the agreement, the two companies will combine IBNE’s flexible assets with IONATE’s Hybrid Intelligent Transformer (HIT) technology for deployment across the UK. This is expected to address issues around energy intermittency and reliability as part of the global transitions to net zero.
The first deployment of this collaboration is expected to be a pilot project launching in 2023 with further deployment across IBNE’s portfolio expected to follow.
“We are delighted to have commenced this collaboration with IONATE, a truly innovative partner that shares our vison of deploying technology to deliver a flexible and efficient energy system for the UK,” said William Andrews, CEO of IBNE.
“The journey to Net Zero remains challenging and collaborations, like this one, are essential if we are to deliver more sustainable, secure and ultimately cheaper energy. Together, we are enabling UK’s Net Zero future.”
IBNE said that by integrating IONATE’s HIT technology, which provides real-time data and comprehensive power flow control through its hardware-software, IBNE will build productive, reliable and flexible assets and support the deployment of clean energy technologies.
“IONATE is an enabling technology at its core: we maximise not simply asset productivity, but the range of possibilities that connected assets can be used for in delivering a flexible and responsive energy system,” said Matthew Williams, CEO of IONATE.”
“Storage is an essential pillar of our sustainable energy future and highly synergistic with what we do at IONATE. We are excited that in IBNE we have found a visionary collaborator in this field.”
