The CEO of a company that designs and manufacturs high-speed energy storage flywheels, says President Obama is on the right track with his goal to increase the use of renewable and alternative energy in the U.S. These will create jobs and lessen U.S.dependence on foreign oil. As the President said in the State of the Union address on January 25, 2011, Congress has provided funding and extended significant tax credits which have helped to create jobs and integrate energy technologies across the nation. To this end, Vycon has added 15 new jobs with more planned in the coming year.
“The vision and support from President Obama and his administration to invest in more research and development and break down barriers of alternative energy adoption is a major step forward for our economy and quality of life,” said Vycon President Frank DeLattre. “We’re working closely with our customers to help them improve energy efficiencies by implementing innovative systems, such as our clean energy storage devices.”
In 2010, VYCON was the recipient of funding from The American Recovery and Reinvestment Act (ARRA) to develop and provide eight of its Regen flywheels to ports operating within the United States. The flywheels help port operators meet new EPA requirements by reducing harmful emissions such as nitrous oxide, carbon dioxide, and particulate matter from rubber-tired gantry diesel-powered cranes. By installing Regen systems on cranes, port operators can advance their emissions and fuel consumption reduction requirements, while also providing a significant return on their product improvement investment. Vycon’s flywheels are also being evaluated for light high-speed rail applications that have the potential to save energy costs, support utility company’s peak-power demands, and lower capital costs in new construction.
In addition, the company’s VDC and VDC-XE flywheels are helping data centers, hospitals, universities, broadcast studios and manufacturing plants around the globe protect critical computing processes and equipment from damaging and costly power outages. The company’s flywheels reliable power backup and provide a better solution to uninterruptible power systems using lead-acid batteries. These batteries are toxic, heavy, maintenance intensive, have a large footprint, need frequent replacement, and require costly cooling to maintain service life. VDC flywheels are environmentally friendly providing users with a smarter, more reliable, and greener approach to power storage.
Filed Under: Financing, Policy