Tuesday, April 10, 2012

Xtreme Power Wins Alaska Wind Farm

Kyle, Texas-based Xtreme Power, the venture backed developer of energy storage products, reported a win in Alaska today. The firm said it has signed an agreement with the Kodiak Electric Association (KEA) to install 3 MW of its power storage products to support the Pillar Mountain Wind Project, a utility-scale wind farm. Financial impact of the win was not disclosed. Xtreme Power's products are being used to smooth out the intermittent nature of wind power, and address grid stability issues. Xtreme Power said it now has 22 MW of installed systems, with an additional 55 MW of systems to be installed by the end of this year. Xtreme Power is venture backed by SAIL Capital Partners, Bessemer Venture Partners, The Dow Chemical Company, Fluor Corp., BP Alternative Energy, Dominion Resources, POSCO ICT, SkyLake & Co. and Spring Ventures, LLC.