EPOD International plan IPO

EPOD International, is planning a public listing. The company claims to be the leaders in electric power storage systems for the Distributed Generation, Co-Generation, Wind and Solar Power markets.

Of particular interest to me is their recent teaming-up with a Canadian Wind Power company to test commercial levels of energy storage during off-peak times to sell back into the grid during peak hours, using the EPOD EMT Energy Storage system.

Windpower's greatest weakness is that it is not predictable and the power it produces at night is almost worthless. Yet the subsidy structure all over the world dictates that it is worth exactly the same price. It's fascinating that the company values the wind energy storage market at $20 billion - double the existing wind power market !

If EPOD really does crack energy storage on that scale, we could see an end to the spikes in spot electricity prices, sometimes multiples of the ordinary price.