Israeli company Storage Drop (TASE: STRG), which specializes in developing advanced technologies for energy storage, announced today that it has received approval from the US Department of Energy (DOE) to use patent protected technology, which is fåîâ÷â by the DOE.
Storage Drop’s technology uses air compressed by water to produce electricity, which was developed by the USA National Laboratories, and which in the opinion of the Storage Drop development team, complements the Israeli technology and opens up the US market for Storage Drop.
RELATED ARTICLES
Storage Drop energy storage prototype to begin operations
After negotiations conducted by the company over the past few months with representatives of the US DOE, and after a strict selection process, the DOE decided to…