The companies are partnering to identify and support long-duration energy storage projects, using Oriden's renewable and energy storage project development expertise and Lockheed Martin's GridStar Flow battery, which provides the durability, flexibility and safety necessary for project success.
"We are encouraged by the great synergies between our two companies to bring new flow battery technology to the market," said Dan Norton, vice president of Lockheed Martin Energy. "This agreement accelerates our efforts to scale GridStar Flow rapidly and to support our global customers."
"Oriden believes in the potential of long-duration energy storage, and we are eager to work with Lockheed Martin to find the best opportunities for our customers," said Matthew Maroon, director of energy storage development at Oriden. "This agreement highlights Oriden's commitment to deploying new energy storage technologies to meet the technical and economic needs of the marketplace."
Unlike conventional batteries, GridStar Flow allows customers to optimally size power (megawatts) and energy (megawatt hours) independently and maintains its energy capacity without degradation throughout project life. These product attributes will be critical as demand grows for large-scale batteries to integrate increasing levels of renewable energy on the grid, for batteries as transmission and distribution assets, and for other applications, including microgrids.
| The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes. |
