Leading developer of proprietary devices for storage of electricity harnessing patent Triad Pro eCell, Triad Pro Innovators (OTCMKTS:TPII), on October 6, 2021, announced developing energy storage solution. Based on Triad eCell, this will be used for storing surplus energy from renewable energy as well as other sources.
Considering energy demand from crypto and shutdowns in China, US is witnessing a surge in energy costs during peak hours. The company’s solution will aim to store energy during renewable energy production and reduce energy costs as well as the carbon footprint, besides augmenting profitability.
Murray Goldenberg, CEO of Triad Pro Innovators, said that the mutual business relationships have ensured development of solution for lowering energy prices. Goldenberg added that varying renewable production as well as financial risks arising from shutdowns of mining makes its energy storage system a reliable and cost effective mechanism.
Per ARK Investment Management, energy storage capacity is key towards augmenting harnessing renewable energy. The pairing of renewables like wind and solar with Triad eCell based energy storage system will enable significant increase in renewable adoption. Per Brett Winton, Director of Research at ARKInvest,said that renewable energy presently is overbuilt on producing consistent source of supply but energy isn’t available when needed.