Powerlane Corporation Launches with Technology to Electrify Roadways
Posted 948 days ago
FOR IMMEDIATE RELEASE:
FORMER BECHTEL, FLUOR ENGINEER LAUNCHES POWERLANE CORPORATION WITH PATENTED TECHNOLOGY TO ELECTRIFY ROADWAYS
POWERLANE’S ELECTRIFIED ROADWAY SYSTEM WILL ALLOW ANY ELECTRIC VEHICLE TO CHARGE ITS BATTERY WHILE DRIVING
ORINDA, Calif., May 1, 2013 — President and CEO Jorge Aguilar today announced the launch of Powerlane Corporation, a California-based company dedicated to revolutionizing our roadways. The company launches with a patented technology that will allow any electric vehicle to recharge its battery as it drives.
“It’s an exciting day,” said Mr. Aguilar, a professional engineer with more than 40 years of experience working at global engineering firms like Bechtel and Fluor. “Powerlane’s technology will effectively transform our roadways into drive-thru charging stations to power electric cars as they go.”
Powerlane’s revolutionary technology (U.S. patent #8,418,824) consists of a control system installed in a vehicle that can connect with a conductive roadway to power vehicles along their route. Drivers would be able to pay for any use of the system through regular electronic payments.
“Our system will instantly turn any highway or surface street into a revenue opportunity,” said Selenne Bishop, chief financial officer of Powerlane Corp. “This is something that utility companies, local governments and transportation authorities can benefit from. Drivers will also benefit from the added convenience, infrastructure and reduced cost of charging an electric vehicle on the go.”
Powerlane’s solution promises to address many of the key concerns confronting the electric vehicle industry, while adhering to all U.S. safety, environmental and durability standards.
Chief among the issues facing the EV industry is the lack of plug-in infrastructure. While the U.S. boasts some 150,000 gasoline refueling stations, only 8,000 electric charging stations exist across the country, a quarter of which are in California, according to the U.S. Energy Information Administration. Moreover, electric vehicles suffer from limited travel ranges. Only a fraction of electric vehicles today can travel more than 100 miles on a single charge, while standard gasoline-powered vehicles can go more than 300 miles on a full tank.
“Powerlane’s electrified roadway system would alleviate many of the industry’s problems, namely ‘range anxiety’,” said Mr. Aguilar. “With our system installed atop the road and in the car, vehicles would be able to drive for as long as they need without ever using a drop of fuel, or necessitating a stop at a charging station.”
While the technology is well-suited for private vehicles, Powerlane sees its electrified roadway system employed en masse, including public transit, railways, and ports.
Powerlane’s patented technology focuses on three key components:
1) Segmented and conductive strips that run along the road, low enough for a car to drive over them at any rate of speed, and that allow for lane changes.
2) Rolling contacts that can be lowered by a driver to make contact with the segmented strips. A driver can easily lift or lower the rollers as needed.
3) Custom roadway control circuitry that energizes and de-energizes the road when a vehicle makes contact with the segmented strips. This ensures that the energized roadway can remain safe to pedestrian traffic.
In the coming months, the company will be pursuing seed and Series A funding to drive research and development of their electrified roadway system. The company’s ambitious goal is to introduce a pilot program by the end of 2014.
About Powerlane Corporation
Powerlane Corporation is a new, California-based company dedicated to the advancement of the electric vehicle industry. Powerlane installs, maintains and licenses a patented technology allowing electric vehicles to charge their batteries on the go. Its electrified roadway system is an environmentally-friendly innovation that promotes energy independence and adoption of electric vehicles. For more information, please visit PowerlaneCorporation.com.
# # #