New Jersey-based Energy Storage and Power says it is investing $20 million over the next three years to develop an underground compressed-air storage system for wind turbines and other power sources.
This story from C|Net.com says Energy Storage and Power is a joint venture formed by energy developer PSEG Global and Michael Nakhamkin, who designed the only compressed air-storage facility in the U.S.:
With Compressed Air Energy Storage (CAES), air is pumped into underground formations, such as depleted natural gas wells or salt caverns, using a natural gas-powered machine. The pressured air is released later to drive a turbine to make electricity.
The system allows for several hours or even days of stored energy, which allows power producers to deliver electricity during peak hours when the demand for electricity–and price–is highest.
Energy Storage and Power said that it intends to develop equipment for storing renewable power resources at a large scale. Utilities are already using more wind and solar, but energy storage means that they can be used more broadly since electricity can be “dispatched” as needed.
Energy Storage and Power joins General Compression in the commercial compressed-air storage wind energy business. General Compression is also designing a wind turbine that has a compressor built into the nacelle, the housing at the top of a wind turbine tower.


Larkspur, Calif.-based Greenline Industries, a manufacturer of biodiesel production equipment, as listed seventh on Inc.’s overall list and was the No. 1 energy company for 2008. The company was also at the top of the 100 businesses in the San Francisco-Oakland-Fremont, Calif., list. According to Inc. Magazine, Greenline has experienced a 10,000 percent growth rate since it was founded in 2002. In 2004, the company had $318,000 in revenue; in 2007, Greenline reported $35.1 million in revenue.
The only biodiesel producer to make the list was Golden, Co.-based Blue Sun Biodiesel. Of the 23 energy companies to make the top 500, Blue Sun ranked tenth. Overall, the company was ranked 242 on the top 500 list.
USDA 


Archer Daniels Midland Company,
Right now, the U.S. gets just one percent of its energy needs from wind power, but experts say that could be increased 20-fold in a short time.
If you’ve been watching any of the Democratic Convention you’ve been seeing plenty of windy people talking up a storm (hey, they’re politicians… Republicans will spew plenty of hot air next week!). But wind energy (the kind that turns turbines), along with solar and biodiesel, is helping behind the scenes.
The U.S. Department of Agriculture and the Ministry of Science and Technology of the People’s Republic of China signed an agreement to collaborate on biofuels research during the International Conference on Sorghum for Biofuel in Houston.
“I think that if we are going to achieve sustainable energy security in this country we have to consider all opportunities and sorghum is one of those that I think can make a contribution.” Buchanan said. He added that sorghum has potential because of its drought tolerance and ability to produce high yields on marginal lands.
Researchers at Virginia Tech have found a way to grow a compound important to human heart health using a plentiful by-product of biodiesel production.