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GRID SCALE ENERGY STORAGE METHOD

Demand for electrical power is always varying. The variations can be large and sudden. On one view, the introduction of "Sustainable" power sources to grid supplies has exacerbated the situation. It is possible that the construction of supercritical steam turbine plant in the conventional power generation sector will introduce further sensitivity to load variations. Traditional methods of smoothing the differential between supply and demand are costly and limited in application. This technology is intended to provide improved flexibility of operation to any organisation which generates power. Further related aspects are discussed in the associated document outline description of technology The energy storage method is completely seperate from and independent of our development of heat engines and other sustainable technologies.

GENERAL BASIS OF PROPOSAL

At the present time, we have no preference regarding type of investor. Identifying a single corporate investor might appear to offer the simplest approach. However, it would be wrong of us to exclude the possibility of forming a business based on cooperation by disparate investors. If individuals are interested in the technology, and would be willing to take an stake in the programme, they are invited to contact us giving an indication of the level and type of investment that they would be prepared to make.

One possible model under consideration is the creation of a Not for Profit company which would have as its objective the further development and deployment of sustainable technologies. Such a model would possibly include the creation of appropriate research appointments, probably affiliated to a well established academic institution. This would enable us to continue development of other technologies while acting in an advisory capacity in respect of the Energy Storage technology and ensuring that the benefit to mankind was maximised. Many other models are possible and interested parties are invited to submit proposals. We will be happy to work with them to refine their plan.

The description relates to the function of the energy storage technology which is available for exploitation and development. No disclosure of detail will be made to any party prior to financial commitment having been confirmed. Once full commitment has been made, a patent will be filed. It is intended that the investing party be given exclusive access to any intellectual property contained in the patent. This approach has the merit of maximising the duration of intellectual property protection for the investor.

Corporate policies normally require full disclosure of an idea prior to commitment of funds. It is recognised that the conditions of the proposal herein could discourage some potential investors. Executives considering the level of risk associated with the proposal described in this document, may therefore find that it is worthwhile comparing the sums involved against other categories of their own corporate expenditure. It would be very surprising if it was not possible to identify at least one corporate activity which commands a significant budget, yet is unable to guarantee a proportionate return, or perhaps any return at all.

Even those companies which operate research and development departments cannot guarantee that the efforts of their engineers and scientists will result in new products or insights. The Energy Storage technology is available without the risk of employing a team, or even an individual, to search without any promise of tangible results.

Business plans also feature regularly as corporate prerequisites. No business plan is available or intended at this time. Each corporation has its own perception of the manner in which a venture ought to be conducted. This applies to all aspects of their business model. So many of the aspects of a business plan are dependent upon the budget and resources available to the investor. It would be counterproductive to second guess the manner in which an organisation or individual would exploit the Energy Storage technology.

Two central issues are those of novelty and acceptance. Inefficiency is a common feature of corporate culture. Chief executives may strive to achieve performance improvements, but it is nothing other than human nature for every division and department to seek to sustain its own share of the corporate budget. Departments can be very adept at justifying their position and status on the one hand while concealing poor resource utilisation on the other. There is no novelty in the situation, and so it is accepted.

The terms of this offer may be regarded as novel by some. Thus they may seem to be difficult to accept. However, the technology is novel, so there is no basis on which to exclude novelty from the business model. Any organisation or individual, prepared to relinquish the traditional stance and commit themselves, prior to being given an exposition of the technology, is expected to discover that the risk they take will be well rewarded.

The proposal made results from several years of research. It is offered in good faith on an "As is" basis. It is believed that the proposal is original and forms the basis of a sound business investment. However, no guarantees of any sort are given or implied.

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