Air compression energy storage finally finds an investor
An idea that has long been batted around by entrepreneurs and venture capitalists is finally getting its day in (or, more accurately, out of) the sun: pumping air into pressurized air cave systems. Then, the air is let out, and it spins turbines to generate electricity.
The method is used when it is not gusty enough topside for regular wind generation to work.
PSEG Energy Holdings will provide around $20 million to Energy Storage and Power,… Continue Reading