How will Aquabank™ promote the development of new, renewable energy sources such as wind?
Electricity is the only commodity that has to be used when it’s produced. The wind, however, blows on its own schedule and can not be increased or decreased based on the demand for electricity, making the system inherently inefficient and limiting the number of wind parks that can be added to the grid. Aquabank™ can take wind power created while the demand is low and use it to pump water back to the surface – allowing for new clean energy to be produced when it’s actually needed. By creating power at peak time, we can replace our current carbon based peak power producers with clean, emission free energy. In essence, Aquabank™ can act as a giant battery, using wind energy created at night to produce hydropower the next day. More market opportunities will lead to the creation of new renewable energy sources.
