Phyr7 GmbH, Heidelberg, a specialist for artificial intelligence (AI) based power management solutions, is now a part of the AMG Critical Materials N.V. and was renamed to LiVa Power Management Systems GmbH.
AMG has developed an alternative concept to flatten production-driven spikes of electricity in the form of a large scale “hybrid” lithium vanadium redox flow battery (“LIVA”) which avoids CO2 emissions. The lithium part of the new battery design enables fast discharging including black start abilities. The lithium battery is then recharged by the low-cost vanadium battery which in turn is charged by the grid.
LiVa Power Management Systems will manage AMG’s entrance into this very large market opportunity.
Electricity costs of companies are rising around the world, while power peaks are becoming the main cost driver. Smoothing and shaving the fluctuating power demand with the use of energy assets like battery systems, different power generating and consuming assets can reduce the electricity costs dramatically.
LiVa’s phyr7 system analyses, operates and optimises complex hybrid energy storage systems with artificial intelligent routines and self learning algorithms.
LiVa Power Management Systems is a part of the AMG Critical Materials N.V. which is a globally operating group for critical metals, mineral products and highly specialized vacuum furnace systems including related services with over 3,600 employees.
