Digital Gas to Enter Wind Energy Market with Breakthrough Technology
Monday April 17, 2:12 pm ET
NEW YORK--(BUSINESS WIRE)--April 17, 2006--Digital Gas, Inc. (OTC Pink Sheets:DIGG - News) announced that its Digital Electric subsidiary has signed an agreement with International Trade and Technology Centre Ltd. of Dublin, Ireland. The agreement gives Digital Electric the exclusive right to manufacture and market a breakthrough wind energy technology that is anticipated to deliver a return on investment that is significantly greater than conventional wind power generation systems.
Digital Electric also has the right to purchase all collateral patents and rights to the new wind energy system on a worldwide basis. The company points out that the new wind energy systems will have several features that differentiate them from conventional wind generator technology, resulting in approximately 35% greater power output at 10% less cost per unit.
Significant efficiencies in capturing wind energy over the widest range of wind profiles are created by using a series of self-adjusting multiple hydraulic pumps and multiple variable speed generators. By transmitting power from the wind blades hydraulically to turbine generators located at ground level, the cost of maintenance is dramatically reduced.
With ground-based generators, less sensitive equipment and low maintenance components, this new wind generator technology will have significantly lower operating costs and can be readily serviced without the need for highly trained technicians. The modular design of the system allows for the installation of additional generators as required.
The new wind energy systems technology will materially decrease the capital and maintenance costs of wind power systems, while substantially increasing their energy output. This combination of benefits results in a reduction in the cost per kilowatt hour to below two cents compared to the best performance of conventional wind turbines using the best available equipment that produce electricity at approximately four cents per kilowatt hour. Dollar for dollar, the return on investment of the new system will be at least 25-30 percent better on an annual basis. In addition, the new system will have a life span of approximately thirty years, compared to twenty years for conventional systems, substantially contributing to the overall superior profitability of Digital Gas' new system.
Digital Gas intended to enter the wind energy market via its breakthrough ultracapacitor technology that allows wind energy systems to store electricity cheaply until it is needed. This new ultracapacitor technology has performance numbers that sets it several years ahead of the current market leader in ultracapacitor products. With the synergy of its new wind energy technology combined with its ultracapacitor, Digital Gas offers wind energy investors, including major utilities and private investor groups, an exceptionally short amortization on their renewable energy investments.
Digital Gas has already commenced sales and marketing activities in Australia, India, China, Canada and the United States and anticipates significant initial orders within the next several months.
To further its position in the wind turbine market Digital Gas will also aggressively enter into the wind energy conversion market. Digital Gas intends to demonstrate to current wind generator system owners and developers the benefits of upgrading their systems with its advanced synergistic upgrade. This will result in dynamic growth opportunities for Digital Gas and Digital Electric on a worldwide basis.
Contact:
Digital Gas, Inc.
Brian Smith, 732-927-4073
energei@optonline.net
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Source: Digital Gas, Inc. |
