MIT spin-off stores sun’s energy to power the world

CAMBRIDGE, Mass.–MIT professor Daniel Nocera is a “huge centralized energy person” but when he looks at the world’s energy challenges, he thinks the key is to make energy generation cheap and distributed.

MIT last year announced that a technology developed by Nocera’s lab— a catalyst that can split water–could be used store solar energy. Earlier this year, Nocera formed a company called Sun Catalytix, backed by venture capital firm Polaris Ventures, to commercialize that discovery.

Engineers are now working on a prototype design for the system, Nocera said at the EmTech conference on emerging technology last Thursday. He added that the company has also hired Art Goldstein, the retired CEO of water desalination company Ionics which was purchased by General Electric, to be chairman.

Full story :

http://news.cnet.com/8301-11128_3-10362614-54.html?part=rss&subj=news&tag=2547-1_3-0-20

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