Mainspring Energy Launches New Power Generation Technology and Announces $150 Million Contract with NextEra Energy Resources

• Mainspring Energy, Inc. today launched the Mainspring Linear Generator, the first product in a brand-new classification of power generation technology for business as well as industrial buildings, utilities, as well as microgrids.

The expanding required for a reliable, budget friendly, as well as low-carbon electrical grid is driving need for brand-new power generation technologies that can make it possible for considerably raised use of renewable resource while offering enhanced resilience versus all-natural disasters, enhanced flexibility, as well as lower price than the electrical grid. Mainspring's breakthrough technology, based upon study originally carried out by the firm's founders in a thermodynamics lab at Stanford University, is made to fulfill these needs by supplying dispatchable, fuel-flexible power that substantially lowers cost and also carbon today, while speeding up the shift to the net-zero carbon grid.

The firm also introduced it has gone into a $150 million agreement with NextEra Energy Resources to purchase Mainspring devices and also finance client projects starting in the very first fifty percent of 2021.

A major national supermarket chain, one of the Fortune 500 consumers in Mainspring's pilot program, has actually signed a contract to increase release of Mainspring Linear Generators to power up to 30 grocery stores. Mainspring began shipping pilot systems to multiple Fortune 500 clients in June 2020 and expects to begin industrial product deliveries in mid-2021. Mainspring has shipped items to big-box retail, grocery, and utility clients and is in talks with other Fortune 500 companies in delivery, logistics, telecommunications, and also 100% biogas wastewater treatment centers.

" Mainspring is excited to bring our new remedy to market with first-rate partners like NextEra Energy Resources and our first Fortune 500 consumers," stated Shannon Miller, creator as well as Chief Executive Officer of Mainspring. "Their industry expertise, understandings, and recognition are valuable properties in fulfilling our objectives: to help our consumers minimize electricity expenses as well as carbon output, improve resilience against all-natural calamities, and also increase the transition to the net-zero carbon grid of the future."

" Numerous commercial and also industrial customers in addition to energies want tidy, reputable power generation, with the capacity to change to 100% eco-friendly gas like biogas and hydrogen as they appear," said NextEra Energy Resources Head Of State as well as Chief Executive Officer John Ketchum. "Mainspring has the ability to integrate tidy onsite generation with both renewables as well as the grid and we're pleased to sustain bringing this cutting-edge item to market."

Onsite power generation offers power where it's required without making use of the electrical grid transmission and also circulation infrastructure. Mainspring's generators are designed to create power with utility-scale efficiency in the dimension of a garage, while meeting the strictest emissions standards worldwide.