$200 million in orders for Premium Power?
Thursday, October 30th, 2008
Okay, so I’m sitting in a hotel meeting room listening to Robert F. Kennedy Jr. talk to members of Ontario’s Electricity Distributors Association and the high-profile environmental lawyer mentions that he’s on the advisory board of venture capital firm VantagePoint Venture Partners. That’s pretty cool, I thought. He talks about some of VantagePoint’s investments, including electric-car champion Better Place, solar-thermal power provider BrightSource, and energy storage company Premium Power. He then zeroes in on Massachusetts-based Premium Power and its zinc-bromide flow battery technology, which is touted as a fully recyclable/disposable, non-toxic battery based on zinc and salt water. The battery has three times the energy density of lead-acid, is cheaper, and has an operating life of 30 years with virtually unlimited ability to cycle. “It’s cheaper than using pump storage,” Kennedy claims, emphasizing that this technology can affordably store renewable energy like wind and solar power today — we don’t have to wait for future breakthroughs. (more…)
Tyler Hamilton is associate publisher and editor-in-chief of Corporate Knights magazine and former business columnist for the Toronto Star. This blog is a personal project started in April 2005.
