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Nevada Startup Stores Energy With Trains (fortune.com)
An anonymous reader writes: Nevada's Bureau of Land Management has granted a land lease to a $55 million project by Advanced Rail Energy Storage, which "proposes to use excess off-peak energy to push a heavily-loaded train up a grade," according to Fortune. "Then, when the grid needs that energy back, the cars will be rolled back down the slope...that return trip will generate energy and put it back on the grid."
The company claims its solution is about 50% cheaper than other storage technologies, according to Fortune, and boasts an 80% efficency in energy reclamation, "similar to or slightly above typical hydro-storage efficiency." Citing Tesla's factory, the magazine callsthe project "further evidence for Nevadaâ(TM)s emergence as a leading region for innovative transportation and energy projects."
The company claims its solution is about 50% cheaper than other storage technologies, according to Fortune, and boasts an 80% efficency in energy reclamation, "similar to or slightly above typical hydro-storage efficiency." Citing Tesla's factory, the magazine callsthe project "further evidence for Nevadaâ(TM)s emergence as a leading region for innovative transportation and energy projects."
This isn't novel at all.
The idea is not novel. The news here is that someone is actually doing it.
The other novel idea is that for the massive weight, they will use your mom.