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Showing posts from July, 2013

ARES system to put energy storage on the right track

We’ve recently looked at ocean-based energy storage system concepts from  MIT  and  Subhydro AS  that are designed to overcome the intermittency problems of renewable energy sources like wind and solar by pumping water out of large tanks and using gravity to let it back in and generate electricity when needed. Santa Barbara, California-based company Advanced Rail Energy Storage (ARES) has come up with a land-based alternative that would provide grid scale energy storage using electric locomotives. ARES’ technology uses heavy rail cars that are pushed to the top of a grade using excess power from renewable energy plants or when electricity demand is low. Then, when the wind drops, the sun stops shining, or electricity demand rises, the rail cars are released back down the hill, generating electricity through regenerative braking. Because the system doesn’t rely on the use of water like the aforementioned ocean-based systems, the company says the technology is...

How to Start Your Business in 7 Days

Day 1 Finding Your Passion. You want to own a business. Why?  I never did a day's work in my life. It was all fun. Thomas A. Edison To find your business passion, answer the following questions; What you would do even if no money were involved?  What activities have you done over the past month? Was it something you could do for someone? How? What product/ service was involved? Who would use your product or service?  My business should provide          because I enjoy doing         . Day 2 Define Your Business What type of business, who’s your customer and how do you make money? Businesses are make money because of one thing...customers! Before you do anything else, you must first decide who are your customers and how you will find them. Simply put, it’s revenue before expense! My business provides what? Who would buy that ? How would they find me? … Do...