Digital Gas’ Joint Venture
Partner Selected for Funding Award for Ultracapacitor Technology
Digital Gas, Inc. (OTC Pink Sheets:DIGG) reported that its joint
venture partner ICCU of the Netherlands has been selected for an award from the New York State Energy Research and Development
Authority ("NYSERDA"). The company indicates that the award, still pending approval, would be for ultracapacitor technology,
which the company indicates could resolve a number of power grid problems and help establish distributed power generation
as a more viable alternative to centralized power generation solutions.. Digital Gas also reported that ICCU, as part of the
"Energy Now" consortium would install its system in the Bronx.
ICCU and Digital Gas have made plans to manufacture and market the
Ultracap in the Americas through their "Digital Ultracap" joint venture. The Ultracap is said to be able to store electricity
with a 95 percent efficiency compared to other flow-battery systems that store electricity with an efficiency rating of between
80 and 85 percent.
