The completion of fourth generation flywheel based device follows completion and independent testing of earlier versions which support the viability of Power Tree’s proprietary core design features.
“Power Tree’s next generation system is designed to deliver grid scale electricity storage in a manner more efficient, cost effective and environmentally friendly than any other technology currently available. Power Tree’s breakthrough smart grid technology represents an important part of the solution to the energy challenges facing our country. As President Obama has made clear, updating our grid infrastructure and finding ways to drive green efficiencies is a critically important national initiative and Power Tree’s mission is to be a leader in this endeavor,” said Greg Stuart, chief executive officer of Power Tree.
Power Tree’s energy storage system has widespread applications. Commercial customers can utilize the economic arbitrage of peak and off-peak pricing to dramatically reduce electric bills, resulting in bottom line savings. Utilities also can implement Power Tree’s technology by strategically placing the devices throughout the generation and transmission system, preventing brown outs and black outs during peak demand periods when the grid is vulnerable. By utilizing Power Tree’s technology, utilities can create a more elastic grid and dramatically reduce new infrastructure costs for electricity generation plants that are planned over the next several decades to keep up with increasing demand.
Power Tree’s system also empowers intermittent renewable sources such wind and solar that are currently inhibited by the lack of adequate storage technologies. The ability to store wind and solar power and discharge that power as needed would help enable the implementation of US President Obama’s smart grid initiatives which call for an increase of power generated by renewables. Power Tree’s technology, being a mechanical device, does not contain chemicals such as battery systems and provides clean, stable electricity that produces no toxic emissions into the environment.
Stuart concluded, “According to a 2009 report by the American Society of Civil Engineers, $2 trillion will need to be invested in our electric infrastructure by 2030. Power Tree’s technology was specifically developed to address the modern challenges facing our nation’s electricity grid. The commencement of construction of our next generation device is an important step in the history of our company and we look forward to completing and installing our technology in a commercial setting by the end of the year.”
