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Company awarded DOE Grant

By KRemington | August 3, 2010

General Compression, Inc. (“GC”), a Massachusetts company developing a compressed air energy storage system that burns no fuel when generating electricity, has been selected to receive up to $750,000 in the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E GRIDS) funding program.  The government grant will help move the development of General Compression’s Advanced Energy Storage (GCAES) technology and projects.

“The successful development of a scalable and ubiquitous energy storage technology will enable intermittent renewable generators like wind and solar to serve a greater percentage of the U.S. electricity load,” said Eric Ingersoll, CEO of General Compression.

GC is currently testing its GCAES unit at a facility in Massachusetts and, in 2011, will begin building a pilot project in Texas with partner ConocoPhillips.


Filed Under: Financing, News, Policy
Tagged With: ARPA, DOE grant, general compression
 

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