ABB, the global power and automation technology group, is excited to announce its selection for the prestigious Technology Showcase at the ARPA-E Energy Innovation Summit, co-hosted by the Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E) and the Clean Technology and Sustainable Industries Organization (CTSI). Hundreds of top technologists and cutting-edge clean tech organizations competed to participate in the Showcase, a hallway of America’s most promising prospects for winning the future in energy.
As one of ARPA-E’s selected organizations, ABB will discuss its Superconducting Magnet Energy Storage (SMES) technology with nearly 2,000 national leaders gathering to drive long-term American competitiveness in the energy sector, including top researchers, investors, entrepreneurs, corporate executives and government officials. More than 200 groundbreaking technologies from ARPA-E awardees, corporations, National Labs and Department of Energy R&D programs will be featured at the event.
ABB, as a technology innovation leader, is conducting research on various cost and performance efficient storage technologies, since energy storage is an indispensable component for our future grid and renewable capacity utilization. Among these, SMES promises great potential because of an instantaneous dynamic response and nearly infinite cycle life. A successful result from the ARPA-E funded project will redress significant risks in advancing SMES to a technology that is cost competitive for delivering megawatt hours of stored electricity to address the renewables ramping challenge.
“With SMES, we face high technology risks related to HTS wires, coils and interfacing power converters to the grid. This project will clarify the picture and pave the road ahead for efficient commercial solutions,” said Project Manager Dr. V. R. Ramanan of ABB. “This Summit brings together organizations that understand the need to collaborate and partner to bring the next generation of energy technologies to market. We look forward to sharing our ideas with other innovators and investors.”
The Summit also features high-profile speakers including U.S. Energy Secretary Steven Chu, ARPA-E Director Arun Majumdar, U.S. Navy Secretary Raymond Mabus, former California Governor Arnold Schwarzenegger and Bank of America Chairman Charles Holliday.
ABB selected to highlight technology at 2011 ARPA-E Energy Innovation Summit