http://www.hvllc.com HVLLC Release RSS feed. . Copyright 2005, HVLLC Tendenci Membership Management Software by Schipul - The Web Marketing Company en-us noemail@hvllc.com Tue, 07 Sep 2010 12:42:06 GMT Release http://www.hvllc.com/en/rel/94/ AKRON, Ohio – FirstEnergy Generation Corp., a subsidiary of Akron, Ohiobased FirstEnergy Corp. (NYSE: FE) today announced that it has purchased the rights to develop a compressed-air electric generating plant on a 92-acre site in Norton, Ohio, from CAES Development Company, LLC. The transaction includes rights to a 600-acre underground cavern, formerly operated as a limestone mine, that is ideal for energy storage technology. “The compressed-air technology envisioned at this site would essentially operate like a large battery, storing energy at night for use during the day when it is needed,” said Anthony J. Alexander, president and chief executive officer of FirstEnergy. “Because many renewable energy sources – such as wind – are intermittent, they don’t always produce power when electricity demand is high. The energy storage aspects of this project would provide a way to harness renewable energy to be used when customers need... http://www.hvllc.com/en/rel/94/ noemail@hvllc.com Mon, 23 Nov 2009 15:00:00 GMT