Hydro-Québec and Sony form joint venture

Hydro-Québec has established a joint venture with Sony Corp, Minato Tokyo, to develop large-scale energy storage systems for power grids. A new company will be formed this June in Varenne QC, utilizing Hydro-Québec's operation and control technologies for electric power supplies and its lithium-ion battery material technology. Sony will contribute its control technologies for rechargable batteries and scalable module systems. The R&D is aimed at meeting demand for electricity during peak times and stabilize fluctuations generated by renewable power sources such as wind and solar....