1. Korean Core Energy Storage System Tech to be Transferred to U.S. Company

    Korean Core Energy Storage System Tech to be Transferred to U.S. Company

    Mechanical engineering Professor Ha Seong-kyu at the ERICA Campus of Hanyang University announced on March 31 that his research team signed a contract with Beacon Power to transfer its flywheel energy storage device technology. According to the contract, the team receives a fixed royalty of US$330,000, along with 1.5 percent of the sales for the next 10 years. A flywheel energy storage device converts electricity to high-speed rotational motion energy and converts it back to electricity when necessary. Combined with wind power or photovoltaic power generators, it can ensure a continuous supply of electricity, even when wind or solar power supply is temporarily cut.

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  2. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Sodium, Supercapacitors, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences