Published on April 16th, 2012 | by Zachary Shahan0
University of Minnesota Energy Storage Invention Licensed to SustainX
April 16th, 2012 by Zachary Shahan
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:
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.