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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: emaildelivery@businesswire.com X-To: TX-INDUSTRIAL-INFO-RES@businesswire.com X-cc: X-bcc: X-Folder: \PTHOMAS2 (Non-Privileged)\Thomas, Paul D.\Deleted Items X-Origin: Thomas-P X-FileName: PTHOMAS2 (Non-Privileged).pst Welcome to eMail News Delivery, a service from Business Wire. Here is your Industrial Information Resources Inc. news release. If you have received this in error please send a message to: eMailDelivery@businesswire.com with the following command in the body of the message: unsubscribe TX-INDUSTRIAL-INFO-RES If you have questions about this service, please contact your Business Wire Account Executive or service@businesswire.com BW2047 OCT 24,2001 4:46 PACIFIC 07:46 EASTERN ( BW)(TX-INDUSTRIAL-INFO-RES) TVA Starts Construction of the Nation's First Energy Storage Plant, in an Advisory by Industrialinfo.com Business Editors & Energy Writers HOUSTON--(BUSINESS WIRE)--Oct. 24, 2001--The following is an advisory by Industrialinfo.com (Industrial Information Resources, Inc; Houston, Texas). The Tennessee Valley Authority (NYSE:TVB)(NYSE:TVC) recently started construction of the nation's first large scale power storage facility at a two acre site off of Highway 373 just east of the Air Force Base near Columbus, MS. Construction of the $25 million facility is expected to take 18-24 months to complete, creating roughly 60 jobs before the project is finished in 2003. "This innovative energy-storage plant is designed to improve power reliability and customer service, have limited environmental impact and contribute to economic growth for consumers in Mississippi and throughout the Tennessee Valley," says TVA Chairman Glenn McCullough Jr. "TVA continues to set the pace for energy production and demonstrate its role as a national leader in the use of cutting-edge, 21st-Century technologies." The plant was designed by Regenesys Technologies Limited, part of Innogy plc (UK) and utilizes regenerative fuel cell technology. During periods of low electrical demand the cells are charged with electricity generated at other locations. The stored energy is then released during times of demand. The power storage facility is designed to store up to 120 megawatt-hours of energy and will be capable of providing power to 7,500 homes for up to 10 hours. "This will be the first use of the Regenesys technology in the United States," said Regenesys Technology Chief Executive Officer Andrew Duff. Rengenesys and Innogy are currently building a similar plant in the United Kingdom scheduled for completion in 2002. Industrialinfo.com provides daily news related to the industrial market place including industry alerts and databases for the energy and industrial markets. For more information on trends and upcoming construction activities in the Energy Markets as well as other industrial sectors send inquiries to powergroup@industrialinfo.com or visit us at www.industrialinfo.com. --30--JB/na* CONTACT: Industrial Information Resources Inc., Houston Joseph Govreau, 713/783-5147 KEYWORD: TEXAS MISSISSIPPI INDUSTRY KEYWORD: ENERGY UTILITIES SOURCE: Industrial Information Resources, Inc. For the best viewing of the news releases please use the following email settings: Courier 10 point. -Notice of Copyright and General Disclaimer- © 2000 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. - Notice of Copyright and General Disclaimer -- © 1999 Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
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