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Octillion Advances Technologies That Generate Electricity From Moving Vehicles
Washington DC (SPX) Nov 17, 2008 Octillion has announced plans to further Octillion's development of first-generation devices capable of generating electricity by harvesting energy from vehicles in motion. The Company has entered into an agreement with Veryst Engineering, a respected Boston-based engineering firm with expertise in energy capture technologies. Working with the Office of Naval Research, recent advances by Veryst engineers in harvesting energy from motion were featured in the September 2008 issue of Mechanical Engineering Magazine, an award-winning publication of the American Society of Mechanical Engineers, published since 1880. In an article titled, "Harvest of Motion", Veryst Managing Principal, Dr. Stuart Brown, and Engineer, Mr. Brian S. Hendrickson, highlighted their unique skills in energy harvesting by way of the development of a small-scale device which uses human motion to generate five-times greater power output (per volume) than conventional energy harvesting systems. Rather than human motion, Veryst engineers will now work to develop Octillion's large-scale energy capture technologies using the motion of cars and trucks to generate electricity. "It's easy to foresee the benefits of someday using the movement of millions of cars, buses, trucks, trains, and even rapid transit to generate electricity, through the installation of kinetic-power technologies at high-volume toll plazas, border check points, truck weigh scales, highway rest stops, exit ramps, and even restaurant drive-thru windows," explained Mr. Meetesh V. Patel, Esq., President and CEO of Octillion Corp. "I'm eager to advance our early vision and aggressively move Octillion's first-generation technologies along the product prototyping path. As we ultimately progress towards commercialization, these energy-capture devices represent a truly transformational technology for generating electricity in a brand new way." Nearly 70% of America's electricity is generated by coal and natural gas, according to the U.S. Energy Information Administration. The environmental impact of greenhouse gas emissions and rising costs of these non-renewable fuels, along with the potential doubling of global electricity consumption in the coming years, clearly illustrate the urgent need for more creative, sustainable methods for generating electricity. The United States is the world's largest consumer of electricity. According to the Energy Information Administration (EIA), "over the next 25 years, the world will become increasingly dependent on electricity to meet its energy needs. Electricity is expected to remain the fastest-growing form of end-use energy worldwide through 2030, as it has been over the past several decades." Related Links Octillion Car Technology at SpaceMart.com
Troubled GM says it is profitable in China, will continue to invest
Beijing (AFP) Nov 12, 2008Troubled General Motors said Wednesday that it was making money in China and was continuing its investments in the large Asian market. |
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