Dresser-Rand Acquires IP From Energy Storage and Power

Dresser-Rand has acquired certain intellectual property (IP) assets from Energy Storage and Power (ES&P) and Dr. Michael Nakhamkin. The company has purchased all patents, trademarks and other IP associated with compressed air energy storage (CAES) technology developed by Dr. Nakhamkin, and is retaining Dr. Nakhamkin, ES&P’s owner, as a consultant.   

The acquired intellectual property complements Dresser-Rand’s current SMARTCAES compressed air energy storage technology and expands the range of its offerings. Dresser-Rand will now be able to provide the smallest to the largest CAES projects to meet specific grid scale requirements.  

Dresser-Rand will provide complete CAES solutions from conceptual design through project optimization in addition to provision of equipment supply, engineering services and a full range of aftermarket services for its entire CAES product line. Aftermarket services also include long-term maintenance agreements.

Dresser-Rand designed and supplied the entire turbomachinery train and controls for the first CAES plant in North America. Dr. Nakhamkin’s involvement with this same facility included certain patented technology and technical supervision.  Each CAES train is custom-engineered to provide clients with a system designed specifically to meet site operating and geologic requirements.

As previously disclosed, Dresser-Rand believes this market represents an important opportunity and continues to expect the first CAES order possibly in the latter part of 2012 or early 2013.

For more information, visit www.dresser-rand.com.

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