In December 2018, Relectrify announced a collaboration with Nissan Motor and Sumitomo subsidiary 4R Energy Corp to deliver battery storage products. The CEFC has increased its stake in Relectrify, investing a further $2.5 million through the Innovation Fund to lead the company’s Series A equity raising. This brings the CEFC’s total investment in Relectrify to $3.25 million.
Melbourne-based company Relectrify is developing and commercialising control technology that increases battery storage lifetime by as much as a third and reduces costs by up to half compared to existing market-leading offerings.
The Relectrify BMS+Inverter incorporates its advanced life-extending battery management systems (BMS) – which unlocks extra performance in battery systems by boosting their second-life storage capability and lifespan – alongside low cost, ultra-high efficiency battery inverters.
The ground-breaking technology has wide application because it can be used across residential, industrial and grid storage, using either new or second-life batteries.
It unlocks extra lifetime in new and second-life batteries and extra capacity in second-life batteries, reduces the cost of component parts and offers higher than typical efficiency, low electromagnetic interference and improved harmonic control.
Relectrify’s BMS+Inverter is already in operation, including in a grid storage pilot with Nissan North America and American Electric Power (AEP), a leading US power company with more than 5 million customers.
Relectrify is now engaging with globally leading battery storage manufacturers, distributors and integrators, seeking strategic partners to help bring leading products to the market.