Infra Balance New Energy (‘IBNE’ or ‘the Company’), a premium provider of flexible and dynamic energy storage and power solutions, today announces it is to join forces with IONATE, a technology innovator with a pioneering power-flow control solution. IBNE will look to integrate IONATE’s technology into its portfolio of power generating projects.

Combining IBNE’s flexible assets with IONATE’s visibility and power-flow control technology addresses the UK’s key issues around energy intermittency and reliability that arise from the deployment of large-scale renewables. This is essential to achieving the UK’s Net Zero goals.

The parties have concluded a Memorandum of Understanding (‘MoU’) which sets out a framework through which IONATE’s Hybrid Intelligent Transformer (‘HIT’) technology can be deployed across IBNE’s portfolio of flexible power generation and battery storage projects in the United Kingdom. The first such deployment is expected to be a pilot project launching in 2023. Further deployment across IBNE’s portfolio will follow.

As the UK endeavours to meet its Net Zero targets, a once-in-a-generation overhaul of energy generation is underway. This has created new requirements for large-scale renewables and innovative approaches to energy storage, flexible generation and power-flow control to ensure reliable operation of the power grid.

By integrating IONATE’s HIT technology, which provides real-time data and comprehensive power-flow control through its hardware-software innovation, IBNE will build the most productive, reliable, and flexible assets in order to maximise its contribution to achieving the UK’s Net Zero goals.

William Andrews, IBNE’s CEO, commented: “We are delighted to have commenced this collaboration with IONATE, a truly innovative partner that shares our vison of deploying technology to deliver a flexible and efficient energy system for the UK. The journey to Net Zero remains challenging and collaborations, like this one, are essential if we are to deliver more sustainable, secure and ultimately cheaper energy. Together, we are enabling UK’s Net Zero future.”

IONATE’s CEO Matthew Williams said “IONATE is an enabling technology at its core: we maximise not simply asset productivity, but the range of possibilities that connected assets can be used for in delivering a flexible and responsive energy system. Storage is an essential pillar of our sustainable energy future and highly synergistic with what we do at IONATE. We are excited that in IBNE we have found a visionary collaborator in this field.”

Notes to Editors

For media enquiries please contact:

Buchanan (PR) / Ben Romney / Jon Krinks

Tel: +44 (0) 20 7466 5000 / ibne@buchanan.uk.com

About Infra Balance New Energy

IBNE is a commercially responsible energy company that is capitalising on the exponential growth in supporting the transition to net zero, enabling renewables deployment. We are at the forefront of this transition with our flexible generation potential and are currently developing more than 500MW of assets with another 1.5GW under appraisal.

To become and remain the premium provider of flexible and dynamic power solutions we have formed several non-exclusive strategic relationships with leading providers of the industry’s ecosystem, including Electricity North-West Construction and Maintenance (ENWCML), Fluence, Statkraft, and continue working similarly with others.

About IONATE

IONATE works to transform power systems through deep-tech innovation. Its patented hardware, the Hybrid Intelligent Transformer, provides control functionalities sought by DSOs, renewable and storage operators at a reliability and price point not previously achievable. One device alone brings real-time data, dynamic voltage control, power factor correction, and harmonics removal. But a network of Hybrid Intelligent Transformers, coordinated by IONATE’s AI platform, unlocks true systemic responsiveness as the energy system transitions.

IONATE’s recent achievements include winning the EIC’s Future Energy System Award, winning selection to Free Electrons, EDP Energy Starter, and EnergyLab scale-up programmes to work with utilities to trial technology in distribution grids, and winning selection to ORE Catapult’s Launch Academy programme to apply technology to offshore wind.