What We Do
In 2008, we began the commercial production and deployment of our patented composite flywheel technology for grid-scale frequency regulation. Our primary business model is to be an integrated provider of frequency regulation services by building, owning and operating flywheel-based frequency regulation plants on a merchant basis. We also plan to have co-investors for some of our regulation plants, and to sell some plants outright in parts of the world that lack open bid markets for frequency regulation services.
While our initial market entry application is grid-scale frequency regulation, we are actively exploring other grid-scale and unitary equipment applications for our core technology. We plan to commercialize new applications as our production costs decrease and policy and regulatory reforms create attractive market economics for selected applications.