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| “Energy storage is the missing piece of the puzzle for a green, affordable and reliable electric grid for the 21st century.” | ||
Roy Daniel – CEO, Energy Storage and Power LLC |
Company Overview
Energy Storage and Power LLC (ES&P) is a joint venture to exclusively market, license, support the development and supervise project execution of the next generation of Compressed Air Energy Storage (CAES) and power augmentation technologies. ES&P was formed by energy industry leaders PSEG Global LLC and energy storage pioneer Dr. Michael Nakhamkin.
Roy Daniel, who has been with PSEG since 1994 in various management positions, will be CEO. Daniel has served as asset manager for PSEG Global’s generation in the U.S. and Asia and structured over $1 billion of worldwide transactions working for PSEG Global.
Dr. Nakhamkin, Chief Technology Officer for Energy Storage and Power led the design and technical implementation of North America’s only CAES plant in McIntosh, Alabama, which has been operating successfully for 16 years. Dr. Nakhamkin, not far from Edison’s original labs, has improved his CAES technology using proven multi-sources components to reduce costs and improve reliability.
The right technology, at the right time – with the right team