Photon Energy N.V.

Photon Energy And BAI switch to green energy with solar power storage technology

Business news for the stock market

Amsterdam / Sydney (pta009/16.07.2014/10:00) - Photon Energy has secured funding from the German Federal Ministry for Economic Affairs and Energy to design, install and operate a solar PV powered battery power supply for a broadcast antenna operated by communications infrastructure provider BAI. Thanks to a solar PV system combined with 215 kWh's of battery storage the antenna will become a benchmark for providing a complete power supply for remote locations. The tower will store solar power during daylight hours and provide a constant 24 hour power supply from the battery system and back-up generator. The technology for the system is largely Made in Germany.

Global solar power solutions provider Photon Energy has teamed up with German Energy Agency (dena) and BAI for a pilot project to pioneer the use of renewable energy for communications infrastructure in remote locations. Using mainly German technology Photon Energy will install a 215 kWh solar PV powered battery system that will replace the current power system of a broadcast antenna near Muswellbrook in NSW, operated by BAI. Once successfully tested the concept could be implemented on thousands of sites across Australia. Details about the project can be found at www.solaroffgrid.info

"Having been selected by dena to implement this innovative solar PV battery power supply is a great step forward for solar power to provide a complete clean and economically viable power supply for remote sites, dena has shown confidence in our solution and it is great success for us, " says Michael Gartner, Managing Director of Photon Energy Australia. "The potential for solar PV in the replacement of conventional energy sources is substantial and will bring cost benefits and emmissions savings for Australia in the coming years and decades", Gartner adds.

Jim Hassell, BAI Group Chief Exectutive Officer, said, "We're thrilled to be involved in this groundbreaking project. As a service provider that relies heavily on external market forces, it's exciting to think that soon we'll be able to generate much of our own power. The longer-term outcome of this project will prove beneficial for our customers in many ways, as we'll be able to provide them with a lower carbon footprint, more cost certainty and improved reliability against the grid in remote locations. We're looking forward to assessing the outcomes of this project for a potential future network-wide implementation."