General Compression wins DOE grant for compressed air energy storage project

Newton, Mass., July 20. 2010 — General Compression, Inc., a Massachusetts company developing an innovative 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 funding program.

The government grant will help accelerate the development of General Compression’s advanced energy storage technology and projects.

“We strongly support ARPA-E’s strategic goals, and are impressed with the rigor of the selection process, and speed with which the ARPA-E team has implemented the program. It is an honor for GC to be selected to participate in DOE‘s transformational energy initiative. 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.



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