If you are in New York you can hear today at an investor’s meeting, about the largest stored-power vanadium redox battery in the world, beeing built in Ohio, that can help bring about an economy based on wind and solar power.
Currently building the largest stored-power vanadium redox battery in the world in Ohio.
After over four years working on designing, manufacturing and integrating vanadium redox flow batteries (regenerative fuel cells) into the electric grid, Ashlawn Energy is now building the world’s largest stored-power vanadium redox battery in the world (8 MWh of stored power) at Painesville Municipal Electric Plant (PMEP) in Painesville, Ohio, where it will also manufacture its redox flow batteries. .
Ashlawn’s VanCharg™ vanadium redox flow battery system is used with wind and solar installations to reduce variability from these intermittent renewable sources, and for utility peak shaving for utilities and industrial large power users. With the advantages it has over other forms of large-scale stored power, VanCharg™ could be a major part of the solution to the intermittency of wind and solar power, as more installations come on stream.
Ashlawn has licensed vanadium redox battery technology from its original inventor in Australia, and developed its all-American proprietary design, manufactured largely in northeast Ohio. The U.S. Department of Energy has awarded Ashlawn the prestigious Smart Grid Demonstration Project (SGDP) grant to build, install and demonstrate that 8 MWh battery at PMEP. In addition to PMEP, Ashlawn has formed strategic alliances with Pacific Northwest National Laboratory (PNNL) (Battelle Institute, Richland, WA), to develop an all-American design and manufacturing team. Ashlawn will manufacture redox flow batteries in Painesville, Ohio.
The vanadium battery Ashlawn is building for PMEP is supported by an ARRA-funded Smart Grid Demonstration Project (one of 16 awarded in the U.S.) to manufacture and demonstrate this 8 MWh vanadium redox battery as a peak shaving storage battery for PMEP. The peak shaving benefits to PMEP include higher fuel efficiency and reduced emissions at Painesville’s city-owned 32 MW coal-fired generating plant. It is worth repeating that this battery will be the largest of its type in the world.
Ashlawn Energy is ambitious. It intends to become the dominant US provider for electrical storage for wind, solar, utility and industrial peak management by 2015. The company provides proven, affordable, technical solutions to vital energy problems in the US, to engage its community stakeholders by providing a productive local impact, and to provide meaning and a sense of purpose to all of our stakeholders, to include our employees, strategic alliance partners, and communities.
Norma Byron, founder and President, will discuss the benefits vanadium redox flow battery systems will provide to utilities, large electric users and in incorporating solar and wind energy systems to the grid.
Sector Expert Larry Austin, President, SunWalker, will discuss the financing of these batteries, and the large markets they face in the United States and around the world.
Date: June 14, 2013
Time: 8:00 – 10:00 am
Place: Crowell Moring LLC
590 Madison Ave. at 57th Street, south-west corner
Transport: Nearest subway station: 59th Street & Lexington Ave.
The N, Q, R and the E, M and the F aren’t far, either. If coming from the west side, the 57th Street bus also works well.
Security: Tell the security personnel that you are attending the Center for Economic and Environmental Partnership, Inc. meeting at Crowell Morning. You will need personal ID. They will issue a pass. If there is a problem, please contact Ellen Reilly at (212) 895-4265 (first choice) or call Gelvin Stevenson at 917-599-6089.
Fees: $50, payable ahead of time or at the door. Cash or checks (payable to CEEP) and credit cards accepted.
$25 for call-in. Registered call-ins will be emailed the call-in numbers and, if available, the slides to be presented.
$25 for students.
See below for Annual Registration opportunities and other important conditions.
Agenda 8:00 to 8:30 - Networking with Colleagues
8:30 to 8:40 - Introductions
8:40 to 9:10 - Norma Byron, Founder and President, Ashlawn Energy
9:10 to 9:30 - Larry Austin, President, SunWalker
9:30 to 10:00 – Discussion and Networking
Mark Austin, Chandler-Reed
John Cusack, Gifford Park Associates
Ira Rubenstein, Center for Economic and Environmental Partnership, Inc.
Gelvin Stevenson, Ph.D., Center for Economic and Environmental Partnership, Inc.
NYE&EF Annual Subscriptions and Sponsorship Opportunities
1. An Annual Subscription for NYE&EF is available for $450. It provides admittance (in person or by phone) to all regularly scheduled meetings held through December 2013 (11 are planned, including this one), all electronic copies of company and Sector Expert presentations that are made available, plus Contact lists of all attendees. All this is sent to you whether or not you attend that meeting.
2. Sponsorships are also available. A $1,000 Sponsorship provides transferable admission for two people, copies of all electronic presentations made available, and recognition on all emailed and printed material. Contact Gelvin Stevenson at Gelvin.Stevenson@gmail.com for further information.
Norma Byron, founder and president, founded Ashlawn Energy in 2008. Prior to forming Ashlawn Energy, Norma founded The Ashlawn Group, LLC, in 2001, after many years in the munitions field, to perform research and development under contract to the U.S. Army for developments in materials sciences to advance warhead performance. Starting in 2004, Ashlawn Group focused solely on developing its proprietary small hydrogen PEM fuel cells to increase warhead performance and reliability.
Ms. Byron has a BA from the University of Maryland, and an MBA from Marymount University, Arlington, VA.
Sector Expert Larry Austin has an extensive history of corporate financings as well as merger and acquisition activity, both in the US and abroad. He has worked extensively in China, and has conducted due diligence on dozens of portfolios of distressed bank loans and other assets in China, Hong Kong, Korea, and Indonesia.
He has been instrumental in the development of several new financing structures, from credit enhancement work in the New York capital markets, to zero-coupon loan facilities in London and New York. He has worked extensively as a corporate lawyer, consultant and lecturer in the fields of technology start-ups (robotics, telecommunications, materials applications and AI) and commercialization of low-earth orbit activities, and served on the Commercial Advisory Subcommitee for NASA.
One of the most experienced lawyers in the field of Section 17 Corporate charters issued by the US Government to Native American Tribal Governments which enable such bodies to engage in commercial activities worldwide in a non-taxable vehicle, Mr. Austin also has experience in trademarks and copyright protection disputes. In this regard, he represented US based group of International Association of Motion Pictures Exporters, Porsche and other companies.
Larry Austin received his Juris Doctor degree from Harvard Law School.