American Flywheel and Trinity Flywheel MergeDecember 06, 2000 by Jeff Shepard
American Flywheel Systems Inc. and Trinity Flywheel Power have merged to create AFS Trinity Power Corp. (Seattle, WA) to address the $12 billion market for power technology serving the digital economy.
Headquarters of the combined company will be in Seattle and most manufacturing as well as research and development will be located in Livermore, CA. According to Edward W. Furia, chairman and CEO of the combined company, AFS Trinity has no plans to relocate various programs currently operating on the East Coast.
According to Furia, “AFS Trinity represents a combined investment of more than $45 million. The company now holds licenses and other rights from two US national laboratories, has been issued or is in the process of applying for over twenty US and international patents and has intellectual property that includes more than a dozen additional patent disclosures for other high-need markets such as transportation and communications. By infusing both AFS capital and technology into Trinity's compact and reliable flywheel ride-through and UPS systems, we intend to leapfrog chemical battery and other flywheel UPS and ride-through solutions. We are also well-positioned in the long term to address a wide range of future mission-critical power-bridging requirements of the expanding digital economy."
In a related announcement, AFS Trinity and Calpine c*Power Inc. (San Jose, CA) announced a strategic partnership in which AFS Trinity flywheel ride-through power products will be marketed by Calpine as an advanced component of Calpine's power systems. In the agreement, AFS Trinity products will be the exclusive flywheel UPS systems offered by Calpine to its datacom customers, and Calpine will have exclusive rights to co-brand AFS Trinity flywheel UPS products for such applications. AFS Trinity will retain rights to sell these products through other channels using AFS Trinity brands. No other details of the strategic relationship were disclosed.
Calpine c*Power President Robert Hepple said, “We regard AFS Trinity as the leader in flywheel UPS and ride-through technology. C*Power intends to use the most effective new power technologies in its Reliable Power System designs. The AFS Trinity flywheel will allow seamless switching of our redundant power sources, thus providing power quality heretofore unavailable from the conventional power grid."