Within the US grid FastCAP SYSTEMS products could enable lower renewable energy prices leading to 140M Tons/yr CO2 emission reductions, and $11B/yr in fuel savings. FastCAP ultracapacitors, used in automotive, could dramatically reduce the costs of hybrid cars supporting their wide-spread penetration in the US and leading to fuel consumption reductions of 80M barrels oil/yr ($4B/yr of fuel savings and 24M Tons/yr CO2 emission reductions) in the US. Within the next ten years, the unprecedented performance, cost effectiveness, and domestically abundant raw materials used for producing FastCAP’s storage systems, could transform the automotive and power grid industries in the United States. This is estimated to create 950k new jobs in the automotive sector and in the electric grid while empowering our Country to achieve energy independence. Meanwhile, this technology will enable significant reduction emissions of green house gases while creating industries revolving around green technologies. |