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General Compression is developing a modular, fuel-free Compressed Air Energy Storage (CAES) technology designed for long-duration electricity storage (10-200 hours) applications on salt. The technology is designed to allow customers to combine low-cost, long-duration storage with wind energy to provide an emission-free firm generation capacity option that is competitive without subsidy with new-build fossil and nuclear generation in higher cost fossil fuel markets. It is also designed to economically solve multiple grid related problems, including the need to make inflexible nuclear and coal plant load-following, meet new peak demand, maximize the value of existing off-peak generation and transmission assets, and meet a growing need for ancillary services.
CES trades on the TSX under the symbol CEU and in the United States on the OTCQX under the symbol CESDF. CES has evolved into an industry leader through a combination of organic growth initiatives and strategic acquisitions since its initial public offering in March 2006. Organic growth has come through increased market penetration with its knowledgeable sales and field staff while innovative solutions are constantly being developed by our R&D group to meet customers` needs. CES has acquired companies in both the US and Canada that had a leadership position in their local market, were strategically located and shared CES`s approach to customer service.
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