CHATSWORTH, Calif.--(BUSINESS WIRE)--Pentadyne Power Corporation, the world leader in flywheel electrical energy storage systems, announced that Pentadyne has recently completed an exclusive Technology License and Transfer Agreement with the UK firm TGT Energy Ltd. to license, acquire and transfer flywheel technology for rail and energy recycling applications. Pentadyne and TGT have been working together since 2007 under a separate agreement and desired to affect a formal transfer of license and technology to Pentadyne.
Pentadyne has acquired the only flywheel system technology proven in wayside rail operations at the New York Metropolitan Transit Authority (NYMTA) and Paris, Lyon, and London Metros. The NYMTA recently tested and successfully demonstrated the technology, now branded PowerBlock™, on a NYC Transit test track on the Far Rockaway line near JFK International Airport. Another Pentadyne PowerBlock™ project is currently underway for the NYMTA’s Long Island Railroad. The NYMTA is North America’s largest transit authority, providing 2.6 billion passenger trips each year —about one in every three users of mass transit in the United States and two-thirds of the nation's rail riders.
The Pentadyne PowerBlock™ flywheel technology is an environmentally responsible carbon-fiber flywheel energy storage system. When connected to the rail power network, the PowerBlock™ system will absorb braking energy from slowing trains and then recycle that energy back for train acceleration. The concept is similar to that used by hybrid cars, but Pentadyne’s hazmat-free flywheel technology is far more rugged and energy efficient than hazardous chemical batteries used in hybrid cars.
Pentadyne’s improved version of the original high-duty-cycle flywheel will capitalize on Pentadyne’s extensive commercial experience in the design and manufacture of highly reliable, safe and energy efficient flywheel technology. This new technology will expand the company's product line and enhance Pentadyne’s position as the leader in advanced flywheel technology.
Dr. Kelvin Schneider, co-founder and director of TGT, also welcomed this agreement and endorsed Pentadyne’s status as the “market leader in flywheel technology.”
Pentadyne Vice President, Business Development Chandler Williamson cited this new project as an important strategic acquisition for Pentadyne. Mr. Williamson said, “This flywheel technology is a key technology acquisition and proven product for the growing rail market at a time when transit agencies are looking for ways to operate more efficiently, sustainably and reduce their carbon footprint. We are pleased to have entered into this agreement with TGT and to have the opportunity to work with the team that demonstrated this technology for key international transit agencies including NYMTA, London, Paris and Lyon Metros.”
About Pentadyne Power Corporation
Pentadyne is the leading manufacturer of flywheel energy storage systems used for electrical energy recycling applications and replaces thousands of toxic lead-acid batteries used with uninterruptible power supply (UPS) systems. Flywheels made by Pentadyne, an Inc. 500 listed company, deliver 20 times greater reliability than batteries, need near-zero maintenance and have a footprint and lifecycle cost less than half that of batteries. Using 90% less power than other flywheels, this environmentally responsible system provides high power output and electrical energy storage in a compact, self-contained package. An ISO-9001-certified company, Pentadyne designs and manufactures its award-winning products in Greater Los Angeles.
About TGT Energy Ltd.
TGT Energy Ltd (TGT) was formed by members of the management team of a former UK firm which performed the KESS design, manufacture and marketing of flywheel energy storage systems. TGT acquired the rights to the KESS technology from this former UK firm. TGT has continued to promote and develop the use of high speed flywheel systems in a number of markets which benefit from high duty cycle energy storage. These include urban rail, renewable energy and satellite systems. Through its partners and associates, TGT has a unique combination of technical and marketing skills covering the design, development, testing and use of flywheel energy storage systems across a diverse range of applications. As befits the team which led the UK firm’s KESS ground-breaking projects, it brings particular expertise to the field of urban rail systems.
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