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U Licenses Energy Storage System

from The Minnesota Daily

Perry Li's renewable energy storage system started as an idea for powering energy-efficient cars. Six years later, his isothermal compressed air energy storage (ICAES) technology, which provides large-scale energy storage, has been licensed for commercialization. The invention provides a way of storing energy without taking up a lot of space or losing much of the captured energy. ICAES uses wind energy to power an air compressor. The compressed air goes into a storage tank until the energy is needed. The process is then reversed, and the air is expanded, producing energy that powers an electric generator. In March, the University of Minnesota's Office for Technology Commercialization licensed ICAES nonexclusively to SustainX, a New Hampshire-based energy storage company that researches, builds and markets storage systems similar to Li's. more

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