1. Alevo Set to Deliver First GridBank Providing
Ancillary Services to PJM
First commercial unit will be one of three sites in Hagerstown, MD totaling 12 MW
CONCORD, NC. JANUARY 18, 2017, Alevo Group, the Energy Storage Provider, today
announced that its first GridBank™ storage unit has been cleared for shipping and installation
after completing an extensive factory acceptance testing (FAT) process at Parker Hannifin’s
Energy Grid-Tie Division. Alevo and Parker Hannifin have collectively conducted a series of
validation and application tests on the 2MW/1MWh unit to verify the GridBank’s performance
based on safety, power, thermal stability, communications, response rates and ability to
deliver specific applications.
“We have been testing the GridBank in conjunction with Alevo since August and are satisfied
the unit operates as per its design intent,” explained Jim Hoelscher, General Manager of
Parker Hannifin’s Energy Grid Tie Division in Charlotte. “Parker has conducted a series of
robust tests as part of a jointly developed factory acceptance test program and initial results
confirm the Alevo GridBank capabilities, including its high-power among other attributes. We
are excited to see the field performance and proud to have played a key role in this historic
milestone.”
The unit will be utilized primarily for frequency regulation and charging/discharging cycles in
durations of less than an hour. GridBanks are well suited to power applications such as these
due to its proprietary and patented inorganic electrolyte, Alevolyte™ — which demonstrates
no degradation in its power capability after thousands of full battery cycles. Due to its long
cycle life, while continuing to provide its nameplate power output, the Alevo GridBank’s
projected 20-year duty cycle offers a grid asset that has the lowest total cost of ownership

2. of any storage technology, an important economic factor to consider in application specific
Levelized Cost of Storage (LCOS) calculations. LCOS is calculated as the net cost to install
and maintain an energy storage system, divided by its expected life-time energy throughput.
Speaking about the system, which will be installed mid-January and commissioned later
in the month, Michael S. Spiker, Director of Utilities for the City of Hagerstown, said, “The
Hagerstown Light Department is proud to welcome the installation of the first Alevo GridBank.
We look forward to the successful operation of this unique storage technology.”
To augment the installation of the GridBank, Alevo Analytics, the intelligence and analytics
arm of Alevo Group, will provide its full suite of GridMaestro™ software and run other real-time
analytics as well to verify the GridBank’s performance on the grid.
“We are excited to get our first GridBank in the field with many more to follow,” said
Christopher Christiansen, President of Alevo Energy. “We can now demonstrate what makes
a GridBank’s safety and performance characteristic unique in the market. With our non-
flammability and full range of usable capacity, we are capable of following PJM’s enhanced
Reg D signal accurately.”
ABOUT ALEVO
Alevo, a leading provider of energy storage is redefining energy as a developer, manufacturer
and provider of grid-scale energy storage solutions featuring GridBank™ & Alevo Analytics.
GridBank Lithium-Ion batteries feature a proprietary inorganic electrolyte (Alevolyte™), which
is non-flammable and offers extreme long life and stability. Alevo’s vertically engineered
turnkey energy storage solution can be placed anywhere on the electricity supply chain,
to reduce energy waste, lower greenhouse gases and other emissions, create efficiencies
and lower costs. Founded in 2009, Alevo is headquartered in Switzerland with GridBank
manufacturing in the US. Follow Alevo on Twitter, LinkedIn, Facebook and on YouTube.
ABOUT ALEVO ANALYTICS
Alevo Analytics provides advanced analytics and simulation capabilities, business
intelligence and advisory services with a primary focus on the power and energy sectors
as well as real time software solutions for SCADA, EMS and Analytics IQ databases.
Alevo Analytics collaborates with customers to provide unique insights regarding where
the deployment of distributed energy resources will yield the greatest benefits while
demonstrating the efficiencies which can be realized across the electricity supply chain.
ABOUT PARKER HANNIFIN CORPORATION
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For 100
years the company has engineered the success of its customers in a wide range of diversified
industrial and aerospace markets. Learn more at www.parker.com or @parkerhannifin.
Media contact information found on www.alevo.com/contact/.