MONTREAL – Hydro-Quebec and Sony Corp. say they will set up a new company in June to research and develop large-scale energy storage systems for power grids to ensure a stable supply of electricity.
Demand for such systems is expected to rise as power grids seek to stabilize fluctuations in electricity generated by renewable energy sources such as solar and wind power, meet high demand in peak times and in case of outages or disasters.
Hydro-Quebec said the new company will use its operation and control technologies for electric power supplies as well as its lithium-ion battery material technology, together with Sony’s technologies for reliable, olivine-type lithium-ion iron phosphate rechargeable batteries.
The new company also will research and develop battery material technology suitable for use within electric power systems and look at their use in a wide variety of applications, such as meeting excess demand during peak times at electric power substations and integrating renewable energy sources into power grids.
Hydro-Quebec is Canada’s largest electricity producer.
Sony Corp. is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets.