Energy & Science
Japanese Machinery Giant Bets on Using Super-Cold Air to Store Power
- Highview Power gets $46 million to build energy storage plants
- Investment to help finance storage projects in U.K., U.S.
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Sumitomo Heavy Industries Ltd. sees a future in super-cold air.
The Tokyo-based industrial machinery giant invested $46 million in Highview Power, which stores electricity by cooling air to minus 321 Fahrenheit (minus 196 Celsius) and then powering turbines with it as it warms and expands.