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"Composite
Power started 13 years ago...to
innovate, design and develop safer high voltage
power poles." |
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Today
Composite Power has a portfolio of interrelated, environmentally
friendly power technologies, next generation manufacturing
know-how, and strategic partnerships with value-added companies
and industry leaders in complementary industries. Composite
Power started 13 years ago as a Nevada Corporation to innovate,
design and develop safer high voltage power poles. Safety
was a strong motivator for this business because of discussions
about the need for safer power poles between Composite Power's
founder and CEO, P. Roger McCombs, and his brother-in-law
who was a lineman for a local electric utility. McCombs took
the challenge to heart and embarked on a ten year research
and development effort to find a material, like composites,
that could be economically configured into various power delivery
components yet was safer, stronger and more environmentally
friendly than current materials.
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"...close
association with W.
Brandt Goldsworthy who is known as
the father of composites in the plastics industry." |
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This
interest in composite materials led McCombs to a close association
with W. Brandt Goldsworthy who is known as the father of composites
in the plastics industry. Together they started looking at
ways to weave composites into different components and to
design new ways to fabricate these components. This work led
to a 1993 McCombs patent, licensed to Composite Power, on
a uniquely designed utility transmission structure that was
subsequently integrated into a new composite power delivery
system for the electric power industry.
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"...Composite
Power is addressing critical post-September
11th issues by pursuing
environmentally friendly power and secure
information systems for homeland security
applications..." |
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From
1993 to the present, Composite Power has obtained additional
patents, strategic partners and other intellectual property
to improve the composite power delivery system and help implement
its business plan. In addition to its already developed multi-functional
power delivery system, Composite Power is addressing critical
post-September 11th issues by pursuing environmentally friendly
power and information systems that integrate advanced conventional
power generators plus non-hydro renewable energy technologies,
advanced flow batteries, digital data transmission and storage,
and other proprietary energy and power systems.
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"...Composite
Power Corporation
successfully negotiated,
with the U.S. Department of Energy,
Richland Operations, a 50 year successor lease..." |
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To
better build these technologies and energy related business,
Composite Power Corporation has sought opportunities to independently
advance its interests. On January 23, 2002, Composite Power
Corporation successfully negotiated, with the U.S. Department
of Energy, Richland Operations, a 50 year successor lease for
land and improvements remaining from over $2.5 billion in investments
in two uncompleted, unfueled and terminated nuclear power plant
projects. Composite Power Corporation plans to convert these
sites into a managed industrial power park. The Company intends
to use the buildings, equipment and infrastructure of these
sites as a base for the implementation of its interrelated range
of energy projects and manufacturing. In addition, this industrial
power park will be ideal as an attractive, secure and power
outage resistant site for other large energy related and power
consuming businesses. |
