Flooid Power Systems: An important new factor in the world’s renewable energy equation
We is an factor in the world’s renewable energy equation, with the ability to sustainably, generate significant power 24/7
We is an factor in the world’s renewable energy equation, with the ability to sustainably, generate significant power 24/7+ Read more
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Frequently Asked Questions
What is Flooid Power and how does it work?
We sometimes refer to Flooid Power as being like "Hydropower in a Tower" because both of these systems develop electricity in the same basic way--by passing fluid under pressure through a turbine--and because gravity is the force that drives both of these systems. Hydroelectricity depends upon a displacement cycle, initiated by the sun, in which gravity moves water upward (in the form of vapor) and back down again. If it falls on a hillside where there's a dam, we can capture some of that energy through hydropower. Flooid Power is also a displacement cycle, driven by gravity, in which our super-dense, low-drag, non-toxic flooid is displaced by the most readily abundant fluid--namely, air. Because of our patent-pending, super-efficient compression system, we are able to introduce large amounts of compressed air into our system, developing a continuous motive flow of flooid and producing a significant net gain.
Why have you structured the current offering so favorably for investors, in terms of distributions on the revenue from Project A?
We structured the current offering in a way that repays investors in multiples quickly and provides for ongoing revenue for the life of the plant, which is likely to be a very long time, given that gravity isn't going away anytime soon. When Project A is operational (anticipated early Summe, 2019), accounting for 20% maintenance and operation cost, all available cash goes to investors until you get 125% of your money back. After that, investors get 80% of available cash until you get 3-times your money back. After that, it's a 50-50 split between investors and FPS, inc. On top of that, investors get an equity stake in Flooid Power Systems, Inc., as well as pre-emptive rights for investment in future Flooid Power projects. We structured the investment this way because we want early believers in the Flooid Power process to benefit maximally, while also preparing the company for growth in Holyoke and beyond. Project A allows us to efficiently scale our technology and company while also rewarding early investors.
Why did you choose to locate the Company and begin operations in Holyoke, which has the lowest electricity rates in Massachusetts because of hydroelectricity on the Connecticut River?
We could not think of a better development partner than Holyoke Gas & Electric Department, a public utility owned by the city and operated on a not-for-profit basis. Because Flooid Power is similar to hydropower, the engineering staff at HG&E were able to readily understand the Flooid Power process and its potential impact. As a full-spectrum utility, providing gas, electric, and broadband services, HG&E is an ideal partner as Flooid Power Systems enters the larger utility and distributed power markets. HG&E continues to be supportive, and and their public mission--to provide the city with affordable, reliable electricity--is very much in line with our mission as a B corporation. And because we have no "fuel costs," Flooid Power plants will make significant profit, even at 4 cents per kWh, the long-term price agreed upon with HG&E.
Why did you hire an impartial, third-party expert to validate the Flooid Power process?
Though people utilize gravity on a ongoing basis through hydropower and tidal power systems, Flooid Power is the first and only standalone, closed, controlled system that uses this unchanging force to develop continuous renewable energy anywhere there's solid ground and air. Aware of the understandable skepticism we would face, but also confident in our technology, we hired Dr. Jon McGowan to conduct an in-depth analysis. A professor of mechanical and industrial engineering at UMass/Amherst and a published expert on thermodynamics and fluid dynamics, Dr. McGowan was initially skeptical, but concluded, in part, that the Flooid Power process is "Viable, unique in concept ,,, does not violate the Laws of Thermodynamics ... and deserves to be scaled to produce significant amounts of renewable energy." (The full text of DR. McGowan's analysis is available to potential investors who sign a non-disclosure agreement with Flooid Power Systems, Inc.)
How much land is required for a Flooid Power facility, as compared to other types of renewable energy?
As outlined in our slide deck, Flooid Power has a high, continuous output and a small "footprint," meaning that we require far less land to produce renewable energy constantly, independent of available sunshine or sufficient wind. That means that Flooid Power's Levelized Electrical Cost (LEC) is far below not only those of wind and solar, but also natural gas, coal, nuclear, biomass, large-scale hydropower, and every other mode of power production.