EEStor CEO Dick Weir Leaks Information Concerning Their EESU

The ZENN NEV



Have you heard this yet? An audio interview with Dick Weir was leaked onto the Internet briefly and here are some of the highlights:

• EEStor's contract with ZENN is for energy units that cost "$100 / kWh, excluding electronics." This is very cheap, and Weir says that, "nobody is going to compete with us. Certainly not lithium ion."
• EEStor has produced "tens of thousands of grams" of the powder needed for the EESUs, what Weir calls "a huge amount."
• A company called Polarity, in California, is building the circuits that will be used in the ZENN cars. Polarity is making circuits for "other customers," but ZENN gets them first.
• EEStor is "dealing a lot with people in the electrical vehicle business."
• "I'm really in deep with Lockheed Martin. And here's what Lockheed Martin told everybody: 'We can't guarantee this works but we can't find reason why it won't work.'"
• Weir believes EEStor will be "the greatest capacitor company in the world"
• Kleiner Perkins Caufield & Byers owns about 20 percent of EEStor, and EEStor's founders still have a controlling interest in the company.
• ZENN's next investment round will be around $75-$80 million.
• Weir said that his EESU's will help buffer the U.S. electric grid in a big way. "Not only are we going to give the electric vehicle market a boost but also give them the energy to run it... We make wind and solar real. If you take our batteries and those with wind and solar, what you do is amortize out the variations and make it highly stablized. You can make a wind farm look just like a coal fired plant with our batteries. And make it very cost effective."

If EEStor can bring to market this EESU product as it is being touted, then it will certainly be a game changer. Having a vehicle with this technology in your garage immediately obviates the need for gasoline. We want one!