Business Wire

Eaton Joins EU-supported InterSTORE Consortium to Support Energy Transition With Unified Energy Storage

Share

Intelligent power management company Eaton today announced its involvement in a pan-European research and innovation project to develop seamless IT infrastructure for energy storage systems.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230226005024/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Anne Lillywhite, Eaton (Photo: Business Wire)

Launched on January 1 and scheduled to run for three years, the InterSTORE project (“Interoperable open-source tools to enable the hybridization, utilization and monetization of storage flexibility”) is supported by the European Union’s Horizon Europe Research and Innovation program. Eaton joins 11 other members in the project consortium, which is coordinated by RWTH Aachen University and includes academic partners, as well as other companies, industry associations and standards organizations.

The mass adoption of energy storage is vital to enabling Europe’s energy transition, and this demands both standardization and interoperability. To maximize benefits for operators, vendors, suppliers and end users, energy storage equipment and systems must be able to communicate seamlessly, irrespective of their age or manufacturer. To this end, the InterSTORE project aims to achieve four key goals:

  • Provide four open-source software tools for assuring interoperability, flexibility and data standardization;
  • Consider all relevant aspects of the flexible use of hybrid energy storage systems in four principal areas of application (electric vehicles, industrial, residential and commercial);
  • Demonstrate seven high-impact use cases in four real-life laboratories;
  • Deploy beyond state-of-the-art methods to enable the hybridization, utilization and monetization of flexible storage, while also ensuring standardization across the data space.

“The sun doesn’t always shine and the wind doesn’t always blow—so widespread energy storage is vital to Europe’s successful transition to renewables and the electrification of everything,” says Dominik Laska, director, Eaton European Innovation Center. “However, today’s solutions are very diverse and often incompatible. To enable widescale adoption, we need a unified approach to energy storage management. I’m delighted we’re joining forces with our expert InterSTORE partners to help develop an innovative and agnostic solution that can support third-party software or hardware and so deliver a significant real-world impact.”

Currently, Eaton’s Energy Management System (EMS) is designed to optimize GreenMotion EV chargers, xStorage Compact battery packs, and photovoltaic panels. As part of the InterSTORE consortium, Eaton will work with other EMS providers to identify differences and synergies between their solutions. Novel optimization concepts will then be developed and incorporated to enable the integration of different types of energy storage, such as heat pumps and electrolyzers. Eaton’s concepts and control algorithms will also be validated and demonstrated at the Forschungszentrum Jülich research institute.

“As a member of the InterSTORE project, our goal is to create seamless solutions that can support multiple types of energy storage, while also building a rock-solid commercial case for mass adoption,” says Anne Lillywhite, senior vice president and general manager, Energy Transition, Digital & Services, Electrical Sector, EMEA. “Our engineers will develop a toolkit for EMS interoperability, as well as a deeper understanding of user requirements and possible business models. In today’s environment of rising energy prices, tighter emissions regulation, and increasingly eco-conscious consumers, this is a fantastic opportunity to pioneer crucial new technologies that will contribute to decarbonization and a more sustainable future.”

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, 2023 marks Eaton's 100th anniversary of being listed on the New York Stock Exchange. We reported revenues of $20.8 billion in 2022 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

NathalieLapoirie@eaton.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Takeda Receives Positive CHMP Opinion for Fruquintinib in Previously Treated Metastatic Colorectal Cancer26.4.2024 14:30:00 CEST | Press release

Takeda (TSE:4502/NYSE:TAK) today announced that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of fruquintinib, a selective inhibitor of vascular endothelial growth factor receptors (VEGFR) -1, -2 and -3 for the treatment of adult patients with previously treated metastatic colorectal cancer (mCRC). The European Commission (EC) will consider the CHMP positive opinion when determining the potential marketing authorization for fruquintinib for mCRC throughout the European Union (EU), Norway, Liechtenstein and Iceland. If approved, fruquintinib will be the first and only selective inhibitor of all three VEGF receptors approved in the EU for previously treated mCRC.1,2 “People living with metastatic colorectal cancer in the European Union currently have limited treatment options, which can lead to poor outcomes. With this positive opinion for fruquintinib, we are one step closer to potentially offering patients a new

MEDIA ALERT: Wolters Kluwer expert comments on European Parliament vote to pass amendment implementing Basel III reforms26.4.2024 14:00:00 CEST | Press release

The European financial landscape saw a milestone event this week, as the EU Parliament passed the Amendment to Regulation (EU) No 575/2013, implementing the Basel III finalization within Europe. This monumental step forward comes with the adoption of the Capital Requirements Regulation (CRR3) amendments, which are part of a broader legislative package, including amendments to Directive 2013/36/EU, known as the Capital Requirements Directive or CRD. Jeroen Van Doorsselaere, Vice President of Global Product & Platform Management, Wolters Kluwer FRR, said: “The adoption of the Capital Requirements Regulation (CRR3) amendments represents a landmark change for the banking industry, designed to strengthen the framework for risk-based capital requirements and address ESG risks. “This is a major overhaul of the capital requirements framework, impacting various aspects, including credit risk, operational risk, market risk, and the capital floor. Whereas other significant jurisdictions, includin

IonQ Unanimously Appoints Peter Chapman as Next Chairman of the Board of Directors26.4.2024 13:30:00 CEST | Press release

IonQ (NYSE: IONQ), a leader in the quantum computing industry, announced today the appointment of Peter Chapman as its next Chairman of the Board and Harry You as the Lead Independent Director of the Board, effective at the close of IonQ’s upcoming Annual General Meeting on June 5, 2024. Both appointments were disclosed in a proxy statement issued on April 25, 2024. Peter Chapman has also been nominated for re-election as a Class III director at the meeting, and his chairmanship will take effect assuming he is re-elected. “Last quarter we were delighted to have appointed Robert Cardillo and Bill Scannell to our Board of Directors. In addition, the Board unanimously appointed Peter Chapman to serve as its next Chairman following the annual meeting given his half-decade worth of contributions to IonQ and his strong progress transitioning IonQ from an academic to a commercial company,” said Niccolo de Masi, Chairman of the Nominating & Corporate Governance Committee of IonQ’s Board. “Unde

Sealing System launches: XIO – Intelligent Farming26.4.2024 12:17:00 CEST | Press release

XIO – Intelligent Farming, specializes in logistics systems for insect protein production. XIO is a new business unit within Sealing System A/S, one of the leading providers of automated end-of-line packaging lines in Scandinavia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240426832303/en/ Robotic solution handling Black Soldier Fly Larvae (Photo: Business Wire) “At Sealing System A/S, we believe that practical innovation is the engine of real-world change. With the establishment of, XIO - Intelligent Farming, we are setting new industry standards, emphasizing the importance of intralogistics in the field of insect protein production, and proudly leading the way.” Ole Jensen CEO, Sealing System A/S XIO – Intelligent Farming provides solutions serving various aspects of the insect production, including fully automatic logistics systems, comprehensive data tracking, transfer trolleys and shuttles, as well as robot systems

Tecnotree Achieves Strong Q1 2024 Results with Sustained Revenue Growth and Enhanced Profitability26.4.2024 10:46:00 CEST | Press release

Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, today announced its financial results for the first quarter of 2024, demonstrating solid growth with a 4.7% increase in revenue. The company maintained its momentum in driving global sales of its digital platform, in the first quarter of 2024, completing many AIML and digital transformations to key customers, resulting in a significant increase in revenue. The growth was primarily driven by new wins in the LATAM region, while EMEA and APAC regions remain growing markets for the digital platform. Key Q1 Highlights of the financial results: Net sales increased 4.7% to EUR 16.3 (15.5) million. Operating results increased by 22.3% to EUR 4.4 (3.6) million. Earnings per share EUR 0.01 (0.01). Order book at the end of the period increased by 10.3% to EUR 74.8 (67.8) million. Tecnotree achieved several notable milestones in the first quarter. The company solidified its position as a trusted par

HiddenA line styled icon from Orion Icon Library.Eye