Dispatchable Wind power??? Interesting article from Energy Pulse.
- From: dave.walters@xxxxxxxxxxx
- Date: 30 Mar 2007 07:49:25 -0700
Pioneer of Dispatchable Wind technology raises over $5,000,000
03.28.07
General Compression, Inc., the pioneer of dispatchable wind power, has
successfully closed an initial round of funding for over $5,000,000.
These funds will be used to accelerate the development of General
Compression's revolutionary dispatchable wind technology. "This round
of funding is a tremendous vote of confidence by the investment
community in General Compression's patented compression technology and
the disruptive economics of dispatchable wind power," said David
Marcus, CEO of General Compression. "With these resources, we will
continue to build out our team and execute on our development plan."
According to Don Hodel, Chairman of wind developer Summit Power, and a
founding shareholder of General Compression, "By enabling wind farms
to store and sell power at peak hours, General Compression will
dramatically improve the profitability and market potential of wind
power."
The next several months feature key development milestones for the
Dispatchable Wind Turbine System. General Compression plans to
announce the completion of key milestones over the course of this
important period of development. About General Compression: General
Compression is dedicated to making wind energy available on demand.
Dispatchable wind energy can be sold when prices are high, and stored
when prices are low.
This vision is powered by the Dispatchable Wind Turbine System, which
has three components: a compressed air wind turbine, a pipeline
network that collects and stores compressed air, and a power plant of
expanders and generators. By shifting the time when power is sold, the
wind project can sell power on peak at a higher price, be more
compatible with the needs of the grid, and become eligible for
capacity payments. This solution will double the profitability of wind
farms.
The turbine is powered by a revolutionary new compressor. When the
wind blows, lift is created on the turbine blades, spinning the
compressor inside the nacelle. The compressor pumps air to over 100
atmospheres of pressure and sends the air down the tower into an
underground network of high-pressure pipes. The high-pressure pipeline
network collects and stores 6-12 hours of energy. If the project is
sited near a geologic feature such as a salt dome, aquifer, limestone
cavern, or depleted gas field, energy storage times can exceed weeks
and even months. For more information, visit www.generalcompression.com.
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