Rosatom sets up energy storage company Renera to develop lithium-ion batteries

The Russian State Atomic Energy Corporation Rosatom has completed incorporation of the nuclear industry integrator company for energy storage business development. Renera LLC has been incorporated on the basis of Cathode Materials LLC, an enterprise of TVEL fuel company of Rosatom.
The company will develop and trade module type lithium-ion traction batteries for electric vehicles, as well as energy storage systems for emergency power supply, renewable energy resources and smoothing load demand.
The current portfolio includes more than 120 ongoing and completed projects for the supply of lithium-ion energy storage devices (contracts previously concluded by a number of TVEL enterprises – Cathode Materials, NPO Centrotech and Novosibirsk Chemical Concentrates Plant). A number of contracts have been implemented for modernization of logistics electric vehicles, as well as equipping substation DC systems and uninterrupted power supply systems with lithium-ion energy storage devices.
“We offer a comprehensive solution for our customers, from a feasibility study to installation of equipment and post-warranty service. We are committed to comply with individual customer requirements for technical specifications and offer flexible commercial conditions. We already accomplish projects under a rent scheme and plan to start leasing and life cycle agreements”, commented Emin Askerov, Director General of Renera.
Module type lithium-ion traction batteries are widely in demand in the electric vehicle market and are one of the most cost-efficient and technologically advanced solutions for intralogistics. These batteries can be recharged at any time and do not require a separate charging room. Lithium-ion batteries are sealed and do not require maintenance, they are also explosion-proof, environmentally friendly (do not contain harmful acids) and operate over a wide temperature range. In stationery energy storage systems, lithium-ion batteries are used due to their unique characteristics in terms of number of cycles, voltage stability and energy efficiency.
About TVEL
TVEL Fuel Company of ROSATOM incorporates enterprises for the fabrication of nuclear fuel, conversion and enrichment of uranium, production of gas centrifuges, as well as research and design organizations. It is the only supplier of nuclear fuel for Russian nuclear power plants. TVEL Fuel Company of Rosatom provides nuclear fuel for 73 power reactors in 13 countries worldwide, research reactors in eight countries, as well as transport reactors of the Russian nuclear fleet. Every sixth power reactor in the world operates on fuel manufactured by TVEL.
About Rosatom
Rosatom is a global actor on the world’s nuclear technology market. Its leading edge stems from a number of competitive strengths, one of which is assets and competences at hand in all nuclear segments. Rosatom incorporates companies from all stages of the technological chain, such as uranium mining and enrichment, nuclear fuel fabrication, equipment manufacture and engineering, operation of nuclear power plants, and management of spent nuclear fuel and nuclear waste. Nowadays, Rosatom brings together about 350 enterprises and organizations with the workforce above 250 K.
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