Proinso and OXIS Energy to ally on revolutionary solar energy storage system

OXFORD, ENGLAND: Energy resourcing is probably the biggest challenge facing the world in the 21st Century. The problem is acute in underdeveloped countries where the energy infrastructure is poor but it also exists in the developed nations particularly in the heavy manufacturing and defence industries.

Prices are rocketing as countries switch from generating electricity using the traditional fossil fuels - coal, oil and gas to renewable energy sources using the sun, wind and water.

The problem has been exacerbated by the question marks still hanging over the nuclear option - once seen as the answer to all our problems but still beset by safety issues. The sun is the most powerful source of energy but at the moment the biggest problem is the ability to store solar energy safely and compactly.

OXIS Energy and PROINSO believe they have the solutions to this problem and are joining forces to develop a new solar energy storage system capable of capturing the sun's energy safely and reliably.

The two companies are currently working on the development of the prototype system and believe it can be rolled-out during 2014.

The solution proposed by PROINSO and OXIS is much more environmentally acceptable and significantly less costly in terms of investment than wind turbines which cause such a blot on the landscape of some of the most beautiful parts of the UK.