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Gravity Power, LLC, a spin-off of LaunchPoint Technologies, Inc., is developing a revolutionary grid-scale electricity storage system. The company's new Gravity Power Module(GPM)TM exploits the established principles of pumped storage hydropower, but extends the concept in a new direction: Down.
Pumped storage hydropower (PSH) is the only large-scale electricity storage technology widely used today, with over 120,000 megawatts of capacity worldwide. However, a new PSH installation typically takes 11 to 15 years to develop and an investment exceeding one billion dollars before a single watt of power is produced. It also has severe siting limitations due to the need for two large reservoirs at different elevations and the resulting environmental disruption.
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Gravity Power Module (GPM
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In contrast, a GPM can be quickly installed underground with virtually no adverse environmental impacts. The modular, closed system has a very small footprint that can be sited almost anywhere electricity storage is needed. With a combination of proven pump-turbine technologies and ground-breaking system architecture, the GPM offers far superior operating characteristics and economics over conventional pumped hydro storage, compressed air energy storage, or batteries.
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GPM Peak Power Octal Configuration
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Energy Storage and Clean Energy
In a series of articles, David Anthony, Managing Director of 21 Ventures and Board Director for Gravity Power, discusses the importance of energy storage in implementing clean energy technology.
- Part 1: Everybody Loves Clean Energy, But No One Wants to Pay For It, David Anthony, GigaOM, CleanTech News, October 4, 2010.
- Part 2: The Energy Storage Story, David Anthony, GigaOM, CleanTech News, November 23, 2010.
Gravity Power in the News
About Gravity Power, LLC
Formerly known as LaunchPoint Innovations LLC, Gravity Power is a venture-backed startup company that was formed in 2009. Jim Fiske, Founder and CEO, worked in collaboration with LaunchPoint Technologies to obtain venture capital and hire key employees for the initial development stage of the project. The management team includes: