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Mainspring Energy Launches New Power Generation Technology and Announces $150 Million Agreement with NextEra Energy Resources


Mainspring Energy Launches New Power Generation Technology and Announces $150 Million Agreement with NextEra Energy Resources
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–  NEWS SUMMARY –  
The Mainspring Linear Generator at work in California, delivering fuel-flexible, resilient power, saving cost, and accelerating the transition to the net-zero carbon electric grid. For more information please visit www.mainspringenergy.com
Mainspring s Linear Generator has the capability to dynamically switch between fuels, including biogas and hydrogen.
Mainspring Energy, Inc. launches the Mainspring Linear Generator, a new low-cost, fully dispatchable, and fuel-flexible power generation technology for commercial and industrial buildings, utilities, and microgrids.
Mainspring enters into a $150 million unit purchase and project finance agreement with NextEra Energy Resources to promote deployment of Mainspring s product and advance the adoption of renewable fuels such ....

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Mainspring Energy Lands $150M Deal to Deploy its Linear Generators With NextEra


Over the past decade, Mainspring Energy has been at work on a novel linear generator  that it says can provide on-site electricity with lower emissions than fossil-fueled engines and microturbines, and greater flexibility than fuel cells. 
On Tuesday, Mainspring s vision garnered a vote of confidence from U.S. utility and renewables giant NextEra in the form of a $150 million agreement with its business services arm NextEra Energy Resources to purchase, finance and deploy Mainspring s devices across the country. 
Mainspring started testing its linear generators last summer with an unnamed national supermarket chain, which has agreed to expand its use to up to 30 grocery stores, according to Tuesday’s announcement. The Menlo Park, Calif.-based startup, formerly called EtaGen, has also shipped products to big-box retailers and utility customers, and it is in discussions with other Fortune 500 companies.  ....

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Panorama - Mainspring Energy Signs $150 Million Agreement with NextEra Energy Resources - Renewable Energy Magazine, at the heart of clean energy journalism


The Mainspring Linear Generator at work in California
The growing mandate for a reliable, affordable, and low-carbon electric grid is driving demand for new power generation technologies that can enable greatly increased use of renewable energy while providing improved resilience against natural disasters, increased flexibility, and lower cost than the electric grid. Mainspring s breakthrough technology, based on research originally conducted by the company s co-founders in a thermodynamics laboratory at Stanford University, is designed to meet these demands by delivering dispatchable, fuel-flexible power that substantially reduces cost and carbon today, while accelerating the transition to the net-zero carbon grid.
The company also announced it has entered a $150 million agreement with NextEra Energy Resources to purchase Mainspring units and finance customer projects starting in the first half of 2021. ....

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