I was not talking about public shares! But on private stock that is exactly what EEstor is doing selling based on nothing...
Again, I'd put more faith in Lockheed Martin's engineers than some guy named ElectricFetus:
http://gm-volt.com/2008/01/10/lockheed-martin-signs-agreement-with-eestor/
Today, however, Lockheed Martin, the major U.S. military equipment manufacturer has announced a partnership agreement with EEStor to develop energy applications.
If these ultracaps can really deliver what they are projected to, they could offer a dramatic advantage for electric vehicles.
To that end, I interviewed Lionel Liebman, manager of Program Development – Applied Research at Lockheed Martin Missiles and Fire Control.
The entire interview can be seen by clicking below:
Can you tell me what your announcement was today?
-Lockheed Martin and EEStor are working together to find areas for integrating their technology to a variety of power management platforms we’re working on.
Is it a financial contract?
-We’re not taking any sort of ownership of EEStor. It is an exclusive rights agreement to allow us to market these technologies to a very limited number of potential customers including homeland security and the defense markets.
Lockheed Martin builds fighter jets and military equipment?
And missiles, rockets, ground equipment, vehicles, and systems sensors. Obviously everything that requires power to operate. Power is becoming a sticking point or burden to the warfighter and that’s one of the things were focused on is coming up with solutions that make the warfighter’s job easier and more efficient.
Are you looking to develop portable energy storage for the battlefield?
-Yes there are opportunities not only to help in the area of relieving some of the dependence on fuel as energy. Also to increase the value of some of the renewable energy initiatives that are going on right now. Energy storage increase the value of these types of power generation technologies. EEStor’s technology can help in that area.
What have you seen from EEStor in terms of their technology?
-We’ve visited their facility. We were very impressed. They are taking an approach that lends itself to a very quick ramp-up in production. We’ve seen a lot of their testing and efforts to measure the purity of the powders that they use, and the chemistry. Well be working with them very closely this year to develop prototypes in certain pursuits.
Have you been able to evaluate any of their current prototypes?
-That’s an effort that’s ongoing. We’re really just getting started to integrate their technology into some of the efforts that we have going on here. That’s going to be something that we’re doing this year.
So its a collaborative effort to build the prototypes then?
That’s right.
Do they have something that they’ve tested that you’ve seen which makes you want to work with them?
-We haven’t personally tested their prototypes yet. Its something that we’ll work on together this year.
How does Lockheed Martin feel about ultracaps and storage versus li-ion or NiMh batteries?
-Lockheed Martin doesn’t have a bias. One way or another its really just a function of what does the customer want. For certain applications being able to provide pulse power is really really important, in another its not so much really pulse power but continuous power. If you talk to the Army they are really interested in hybridized solutions. Suffice it to say that EEStor’s technology is a piece of some of these systems solutions that we come up with. We are a system integrator so we look at the EEStor technology as a building block or a tool in a toolbox to provide the best solutions for the soldier.
Do you see the ultracap as a power solution or an energy solution?
-The EEStor chemistry and architecture lends itself to both types of applications. Its a scalable technology. In the situation where you are trying to store energy, transport it without discharge obviously thats very attractive in the utility grid load leveling (situation). If your talking about powering for example a high energy weapon that requires a short burst of energy a capacitor is a great approach to do that. Capacitors are in hybridized systems today for that reason. The chemistry is great purely form the view of battery technology but its also very attractive for some of these extremely high pulse power applications.
Are you looking to use this technology in any vehicular type of application?
-We have a number of platforms that were working on. Our applied research group is primarily focused on land forces power management which involves several area including vehicular power.
Are you confident that their technology will offer a greater amount of energy and power density than batteries?
-Yes, and at a fraction of the cost.
Do their caps hold 10x the energy at 1/10th the weight of a lead acid battery?
-Yes.