United Technologies Corp.
) gained 1.2% a day after its research and innovation arm United
Technologies Research Center's (UTRC) PureStorage flow battery
energy storage technology won R&D 100 Award.
Industry experts and R&D Magazine editors adjudged this
technology to be a winner. The PureStorage system provides safe,
energy-efficient and readily deployable electric energy storage
at 5-10 times the power density of conventional flow battery
cells. This new technology is much more suitable for places with
frequent power failure as it provides additional power back up.
Also, the recognition of this technology could make flow battery
systems attractive to utilities for a range of applications.
This new technology is competitive in comparison to other
products available in the market and serves both short-duration
high power and long-duration high energy applications. The
product can be customized as per customers' requirements. This
PureStorage is more cost effective than other similar products
and can be used on a daily basis to convert renewable energy
sources (solar and wind) into reliable sources of power.
Based in Hartford, Conn., United Technologies provides high-end
technology products and services to the building systems and
aerospace industries worldwide. The company is a diversified
business conglomerate serving various end markets such as
aerospace, defense and commercial construction. The business
diversification allows the company to remain profitable amid
tough economic times.
United Technologies currently has a Zacks Rank #3 (Hold).
Other stocks that look promising and are worth a look now are
Hutchison Whampoa Limited
Tyco International Ltd.
), each having a Zacks Rank #2 (Buy).
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