Highview Power Storage Inc, a global leader in long-duration energy storage solutions, is pleased to announce that it has received an honorable mention in the Energy category of Fast Company's 2020 World Changing Ideas for its CRYOBattery, a long-duration energy storage technology based on the principle of air liquefaction.
Through this award, Fast Company honors businesses, policies, projects, and concepts that are actively engaged and deeply committed to flattening the curve when it comes to the climate crisis, social injustice, or economic inequality.
Highview Power's proprietary CRYOBattery technology utilizes air, which cleaned, cooled, stored as a liquid, then converted back to gas to drive a turbine which produces electricity. It is the only long-duration energy storage solution that is commercially available today that offers multiple gigawatt-hours of storage, is scalable with no size limitations or geographical constraints, and produces zero emissions. For further information see the IDTechEx report on Batteries for Stationary Energy Storage 2019-2029.
"We are pleased to be recognized by such an esteemed organization for our CRYOBattery technology. This recognition is a testament to the need for long-duration energy storage and our technology in particular, which we believe is a vital piece to building the foundation for a 100% renewable energy future," said Mark Somerset, Director of Business Growth at Highview Power.
"There seems no better time to recognize organizations that are using their ingenuity, resources, and, in some cases, their scale to tackle society's biggest problems," says Stephanie Mehta, editor-in-chief of Fast Company. "Our journalists, under the leadership of senior editor Morgan Clendaniel, have uncovered some of the smartest and most inspiring projects of the year."
Highview Power has also won the Regen Green Energy Award for clean energy innovation, BusinessGreen Magazine's Technology of the Year award, and the Ashden award for energy innovation.
About the World Changing Ideas Awards
World Changing Ideas is one of Fast Company's major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With a goal of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.
About Highview Power
Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long-duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 20 MW/100 MWh to more than 200 MW/2 GWh of energy and has a lifespan of over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power. For more information, please visit: http://www.highviewpower.com.