‘Stash’ developers to bank thermal energy during non-peak hours
Three New Brunswick University graduates have discovered a means of alleviating power usage during peak hours to store for non-peak hours. This system would mean less stress for power grids and enable cost effective deals for consumers.
One of the developers, Erik Hatfield, has said, "In Nova Scotia and Ontario and 13 States power companies charge you more when you use electricity during peak times," said Hatfield. "So what we're doing we just store energy when it's cheap and then use it when it's expensive so that people always pay the cheap rate for heating and cooling."
The developers have had talks with companies such as NB Power and the Crown Corporation, who are interested in using their product to provide rebates to their customers. The team of engineers now have a number of different organizations to choose from in bringing the product to the market. This investment will also allow the developers to begin a pilot project to enable the power units to conduct more detailed, realistic testing.
The system is also expected to be utilized for the energy storage of wind and solar power so that energy can be stored on cloudy and/or days when there is a lack of wind.
The idea sprung from the most accredited developer on the team, Daniel Larson, hearing on the radio that a power station was being built in Charlottetown, which would run for a measly 15 minutes a day because of peak power times. Larson thought this idea seemed “stupid” and vowed to find a solution using the knowledge gained from his engineering degree at New Brunswick University, with the help of his two classmates.
The team of developers are planning to have the testing units ready for early adopters next year.
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