ROCHESTER, N.Y., Nov. 12, 2013 /PRNewswire/ -- EaglePicher Technologies, LLC ("EPT"), a leading supplier of specialty batteries and energy storage solutions for the defense, aerospace, medical and commercial markets, announced today that it has been awarded a contract to supply its patented PowerPyramid™ energy storage solution to be incorporated into Arista Power's (OTCBB: ASPW) Power on Demand ("PoD") system for a large multi-story building in New York City.
EPT's PowerPyramid™ system will provide 200 kW/900 kWh of energy storage integrated into Arista Power's PoD system that will be installed in the selected building. The system utilizes energy storage to reduce utility costs, specifically demand charges, and allow seamless enrollment to demand response programs.
"We are very pleased to be involved with this project," said Dave Lucero, EPT's Director of Alternative/Grid Energy Storage, "This is a tremendous opportunity for us to leverage our capabilities and provide solutions to energy demand challenges in large metropolitan areas, and specifically in New York City."
EPT is a well-known leader in unique energy storage solutions, unveiling its PowerPyramid™ hybrid solution in 2012. This patented system surpasses conventional storage techniques by leveraging the potential of multiple storage technologies. EPT's innovation can manage one or more battery chemistries, providing virtually instantaneous power to handle power deviations occurring in intermittent renewable energy sources or grid-scale energy storage applications."We are pleased to be partnering with EaglePicher Technologies," said Mark Matthews, President of Arista Power. "We believe our Power on Demand system is made to order for the New York City market due to New York's high electricity and demand rates and that there are literally thousands of buildings in the New York City area that are candidates for this system. Working with EaglePicher will allow us to integrate our Power on Demand software with the flexibility provided from EaglePicher's PowerPyramid™ to optimize the system's value for NYC customers and increase our penetration into the NYC market." EPT also recently installed and commissioned a 300 kW/1.2 MWh PowerPyramid™ system at ATK launch systems site in Promontory, Utah, and was recently awarded a contract from the Carthage Water & Electric Plant for 100 kW/216 kWh system in Carthage, Missouri. Arista Power's Power on Demand system can utilize inputs from multiple energy sources including solar, wind, fuel cells, generators and the grid with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce electricity costs - particularly demand charges.