SHAHEEN ANNOUNCES MORE THAN $5.3 MILLION FOR SUSTAINX DEMONSTRATION PROJECT

(Washington, DC)- U.S. Senator Jeanne Shaheen today announced that the Department of Energy has awarded SustainX a $5,396,023 grant to complete a demonstration project of their compressed air energy storage system, a technology developed in their West Lebanon headquarters. This funding from the American Recovery and Reinvestment Act (ARRA) will be combined with $1 billion in funds from the private sector to support more than $1.6 billion in total Smart Grid projects nationally.

"Building a clean energy economy starts with investing in technologies that will help us take control of our energy future," said Shaheen. "As we utilize more alternative energy resources, like wind and solar power, to meet our country's energy needs, energy storage technologies are essential. SustainX has developed an efficient and cost-effective energy storage technology, and this funding will help bring New Hampshire and our country closer to a clean energy future."

SustainX will use the funding to design, build, and deploy a utility-scale, low-cost compressed air energy storage system to support the integration of renewable energy sources onto the power grid. The 1 MW per 4 hour system will store potential energy in the form of compressed air in above-ground industrial pressure facilities. The technology uses isothermal gas cycling coupled with staged hydraulic compression and expansion to deliver an efficient and cost-effective energy storage solution.