Sky Power Solutions, Corp. today announced an engineering alliance with Li-ion Motors Corp. (LMCO) for the further development of the Sky Power Residential, concentrated solar collector electric generation system. This alliance will leverage the technological advances Li-ion Motors, which was responsible for creating the world’s fastest all electric supercar and won the 2010 X-Prize competition by achieving an astonishing 187 miles per gallon equivalent (MPGe) with their all electric WAVE II.
Li-ion has accomplished spectacular advancements in both batteries and the management system that took them to victory at the X-Prize and will promote the design and development of the Sky Power Solutions Residential Solar system. “We are excited about this alliance and eagerly look to the bright future of residential power generation,” stated Stacey Fling, President of Li-ion Motors Corp.
The residential solar power station will have the ability to reduce the average user’s monthly electric grid consumption by up to 30-40% with no emissions or a carbon footprint; using only the power of the sun. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional solar panels. The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is projected to be $5,000 at release. Multiple units can be combined for increased capacity.
Electric consumption in the United States is increasing at a rate that will eventually outpace the anticipated expansion of the US Electric Grid’s capacity. Sky Power Solutions has identified this rising dilemma and is poised for expansion into the Residential Electric Power Generation market to allow end users to generate and return 30-40% of their electric usage back to the grid using “Net-Metering” and the Sky Power System.
Annual builds of new power plants are anticipated to drop significantly after 2012 and remain below 7 gigawatts per year until 2025 as reported by the Energy Information Administration. Growth of consumption is expected to far exceed the growth of capacity resulting in the need to accommodate the demand.
Sky Power Solutions, the exclusive provider of advanced Lithium Ion battery technology to Li-ion Motors Corp. (LMCO) for use in their all-electric, zero emission automobiles, recognizes that growth in the consumer acceptance of all-electric cars will place an increased burden on the US Electric Grid while planned growth of electrical capacity is expected to decline.
Sky Power Solutions is working to meet this demand and lower the grid consumption of users. By producing and sending electricity from residential users’ surplus into the grid, users’ electric meter will run backwards, not only reducing electric bills, but more importantly adding needed power to a stressed grid for the benefit of all.
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