20GWh of Global Storage Interest

We are thrilled to announce we reached a milestone with customer interest for 20 GigaWatt hours (GWh) of energy storage, the equivalent of powering 1.3 million homes, from customers for its breakthrough technology.

The milestone is being celebrated by unveiling the first stage of our new commercial manufacturing facility in Newcastle, Australia to meet that demand amid growing and urgent need for new energy storage to replace aging or increasingly expensive thermal and other conventional power stations. The new equipment is in the processed of being commissioned and will be capable of manufacturing more than 1,000 blocks, or 1MWh of energy storage, per day by the end of 2022.

The initial run of blocks will be used to kick off our partnership with the Toshiba International Corporation and Graphite Energy to produce low-cost green hydrogen thanks to a $9.8 million grant from the Australian Government’s Modern Manufacturing Initiative.

“If current market sentiment and the impacts of climate change are telling us anything, it’s that we can no longer hold off on the renewable energy transition. While conventional storage technologies like batteries are no doubt important to that mission, we believe our MGA Thermal Blocks will be a major part of that transition, to retrofit existing thermal power plants and support development of low-cost renewable energy storage and green hydrogen,” said Erich Kisi, co-founder and CEO of MGA Thermal. 

“Utilities around the world have told us they need this type of technology to make that move, and we are well on our way to building the capacity to meet that demand.”

MGA Thermal is working closely with global organisations like Toshiba International Corporation to demonstrate its potential for a wide variety of use cases like generation of low-cost green hydrogen.

QUOTE FROM TOSHIBA

Toshiba International Corporation is very excited to be collaborating with MGA Thermal to develop innovative solutions that move our society towards a sustainable and carbon neutral future. Our partnership with MGA aims to deliver long term energy storage, low-cost Hydrogen production and renewable electricity generation, all highly valued features of a successful future energy market.

The coupling of the MGA thermal storage technology with the Toshiba’s Solid Oxide Electrolysis Hydrogen technology will allow both parties to work with government and industry to develop a joint engineering and manufacturing strategy so that high value engineering, manufacturing and supply chain jobs are created locally with the value generated exported globally in the future.