VALENCIA, CA -- (Marketwire) -- 03/19/09 -- Enable IPC Corporation (PINKSHEETS: EIPC)
today released an update detailing its activities relating to the emerging
opportunities in renewable energy expansion, initially as a result of the
American Recovery and Reinvestment Act. In the Act, $41.4 billion has
been marked for various energy related programs at the federal, state and
local levels. The company has established relationships, both in
Washington and locally, to pursue these funds to accelerate the
implementation of its devices in renewable energy applications.
The United States is making a major and unprecedented push toward the
widespread use of renewable energy. President Obama's New Energy for
America plan contains a stated goal of investing $150 billion over the next
10 years to establish renewable energy in America. The general purposes of
this effort are threefold: to help mitigate climate change, to lessen the
country's dependence on foreign oil and to help address the current
economic crisis.
How Enable IPC Fits In
Solar and wind energy solutions are in high demand. However, sometimes
there are cloudy days and sometimes the wind does not blow. Renewable
energy is intermittent, and that presents problems for the energy grid
itself. Some kind of economical energy storage will need to be utilized to
level the load. Batteries can do it, but are expensive and degrade
quickly. This is one of the roadblocks to the use of widespread renewable
energy in the United States.
Enable IPC's ultracapacitor technology is an advanced and economical way to
address that problem. The Company's proprietary technology can lower the
cost of ultracapacitors and provide a more reliable way to store the energy
and stabilize the grid. Enable IPC's technology is less expensive than
batteries and can be recharged hundreds of times more than batteries.
Technical details on these issues and the Company's solutions can be found
here:
http://www.solrayo.com/SolRayo/Ultracapacitor/Entries/2009/2/2_Ultracapacitors_for_Renewable_Energy_Storage.html
Renewable Energy Opportunities
While a lot of the details are still being worked out, the Act specifies
that a significant amount of money will be spent to boost the
implementation of renewable energy in the United States.
Enable IPC has a solution for renewable energy roadblocks that the Company
believes are technically viable and economical; the state of Wisconsin
apparently agrees, as evidenced by the $250,000 grant awarded the Company
last October. Additional funding should help Enable IPC standardize and
make this technology available for wind and solar applications across the
country.