Juhl Wind, Inc. Announces Agreement With Zinc Air For Installation Of A Mega Watt Scale Advanced Storage System At The Woodstock Hills, Minnesota Wind Farm
WOODSTOCK, Minn., July 25, 2011 /PRNewswire/ -- Juhl Wind Inc. (OTCBB: JUHL), the leader in Community Wind Power, today announced it recently signed a Letter of Intent with Zinc Air, Inc. for the installation of a 1 Megawatt advanced energy storage system developed by Zinc Air. Juhl Wind plans to install the system at its recently acquired Woodstock Hills wind farm located near the Company's headquarters in Woodstock, Minnesota.
Zinc Air Inc., based in Kalispell, Montana, is the developer of a Zinc Redox flow battery designed to achieve rapid payback periods while also being the greenest battery technology on the market. This competitive storage solution allows a wind farm to store and shift wind power for flexible use by utility operators.
"We selected Zinc Air and its core technology for our first system because we believe it offers the combination of being the most advanced technology along with the most environmentally safe option in the field of energy storage," stated Dan Juhl, Chairman and CEO of Juhl Wind. "We have carefully studied the growth in storage technologies because we believe large scale storage will unlock the full value of wind power. If we can build a combination wind farm with storage for the cost of a new coal plant, we are confident we can deliver totally clean electricity that can compete head-to-head with the wholesale energy market today and into the future. With no fuel costs and all of the obvious health benefits, if we can deliver a dispatchable resource that is head-to-head competitive, wind power can grow even more rapidly. At Juhl, we want to be on the forefront of this next wave of wind power."
The first phase of the project will provide for the development and installation of the grid storage system based on securing a revenue arrangement from a utility buyer or within the MISO marketplace. Zinc Air battery chemistry reduces fundamental costs through the use of locally abundant and non-hazardous materials that results in a simpler system.
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