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University of Minnesota Energy Storage Invention Licensed to SustainX

 
Here’s the bulk of a recent University of Minnesota story I was notified of via email at the end of last week — looks like an important new energy storage technology:

Perry Li, inventor and mechanical engineering professor in the College of Science and Engineering.

A University of Minnesota invention could help make storage of solar and wind energy more efficient and economical. The invention was licensed to SustainX, a leading global developer of grid-scale energy storage solutions that use patented isothermal compressed air methods to store large amounts of energy cleanly and economically….

SustainX is developing isothermal (or near-constant temperature) compressed air energy storage (CAES) systems that provide bulk energy storage capacity while reducing carbon emissions and increasing the reliability of the electric grid. The conventional method of compressed air energy storage depends on the use of underground caverns, which greatly limits their available locations and practical use. The SustainX solution uses pipe-type air storage, which makes it possible to store energy virtually anywhere.

“This licensing agreement with the University of Minnesota expands SustainX’s growing IP portfolio and provides our company with another possible method of implementing our unique isothermal CAES technology,” said Dax Kepshire, SustainX vice president and general manager.

The SustainX energy storage solution could also reduce the need for gas-powered peaker plants that operate during hours of peak energy usage.

The technology was licensed to SustainX by the university’s Office for Technology Commercialization. The research was funded by the National Science Foundation.

Looks like SustainX is a company we should keep our eyes on.

 
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Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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