Xtreme Power Wins "Innovation Award" at Energy Storage North America
SAN JOSE, Calif., Sept. 16, 2013 /PRNewswire/ -- Xtreme Power, a world leader in real-time power management and energy storage solutions, and partner Duke Energy earned a 2013 Energy Storage North America (ESNA) Innovation Award for the Notrees Wind Energy Storage Project in Ector and Winkler counties, Texas.
The Notrees Wind Energy Storage Project, a utility-scale effort undertaken with the U.S. Department of Energy, smoothly integrates frequency regulation and electricity shifting with a 36MW advanced lead acid storage system – bringing renewable power to the statewide grid. The project represents the continent's largest battery storage project at a wind farm.
"Winning an ESNA Innovation Award is proof that Xtreme Power and our world-class partner Duke Energy are leading the way towards a clean, renewable energy future," said Dr. Alan Gotcher, President and Chief Executive Officer of Xtreme Power. "Across Xtreme Power's history, we've been fortunate to work with the biggest names and on some of the most innovative projects in the energy storage space. Notrees represented the largest battery storage system in North America and its success is something we're rightly proud of."
Xtreme Power and Duke Energy, the largest electric power holding company in the U.S., completed the Notrees project in December 2012 – providing environmentally friendly and flexible capacity to the Electric Reliability Council of Texas (ERCOT), which operates the electrical grid in Texas and manages 75% of the deregulated market in the state. The Notrees project represented Xtreme Power's eighth successful project installation in one year. To date, Xtreme Power has installed 77MW in the field and counted 25,239 MWh charged/discharged.
What's "quite clear is that energy storage is the economic key that unlocks the potential of renewables and solves the challenges of creating a dynamic and flexible grid," said Janice Lin, co-founder of the California Energy Storage Alliance and managing partner of Strategen Consulting, after the award announcement.
For more information about the ESNA Innovation awards, visit: http://www.esnaexpo.com/awards.
About Xtreme Power
Founded in November 2004, Xtreme Power designs, engineers, installs, and monitors integrated energy storage and power management systems for Independent Power Producers, Transmission and Distribution Utilities, and Commercial & Industrial End Users, among others. Xtreme Power's technology delivers on its promise to solve complex grid challenges and our customers rely upon our staff of over 100 power systems engineers and professionals to design and implement a solution specific to each customer's need.
Xtreme Power is a privately held company and has raised in excess of $90 million since its founding. Current investors include SAIL Capital Partners, Bessemer Venture Partners, The Dow Chemical Company, BP and Fluor, among others. These multimillion-dollar investments have yielded tremendous growth and accolades, including the following: Bloomberg 2012 New Energy Pioneer Award, R&D 100 Award, one of 4,000 companies selected for the Global Cleantech 100 Award, and most recently honored by Inc. Magazine as the 15th fastest growing company in the nation. For more information, please visit http://www.xtremepower.com.
SOURCE Xtreme Power