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John Merritt, Office of the VP for Research, firstname.lastname@example.org, (612) 624-2609
Matt Hodson, University News Service, email@example.com, (612) 625-0552
MINNEAPOLIS / ST. PAUL (04/10/2012) —A University of Minnesota engineering professor's 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.
“A lot of renewable energy sources, like wind and solar, are unpredictable. The wind doesn’t always blow, and the sun doesn’t always shine. With economical bulk energy storage, one can really stabilize these energy sources, which makes them more predictable and more reliable,” said Perry Li, inventor and mechanical engineering professor in the College of Science and Engineering.
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.
About the Office of Technology Commercialization
The mission of the University of Minnesota’s Office for Technology Commercialization is to translate University research into new products and services that provide growth opportunities for its licensees, benefit the public good, improve the quality of life and generate revenue to support the University's research and education goals.
SustainX’s isothermal compressed air energy storage (ICAES™) technology is a site-anywhere, zero-emissions solution that enables power- and energy-scalable compressed air storage, without the need for caverns or natural gas combustion. SustainX achieves isothermal cycling by combining patented innovations with a design centered on proven industrial principles and mature core components. The result is long operating life and a disruptively low levelized cost of energy (LCOE) as compared to competing storage technologies. For more information visit www.sustainx.com.