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Last updated on April 19, 2014 at 1:20 EDT

Latest PSEG Global Forms Joint Venture Stories

2008-08-27 03:00:45

PSEG Global and energy storage innovator Michael Nakhamkin have formed Energy Storage and Power, a joint venture to exclusively market, license and support the development and supervise project execution of the second generation compressed air energy storage technology. The compressed air energy storage (CAES) technology stores off-peak energy, in the form of compressed air in an underground reservoir, and releases this energy during peak hours. The CAES technology can reportedly be used...