Associated Press has finally caught on to this story. Nothing new, but a good overview of the potential and skepticism. More interesting is a post by CNET’s Michael Kanellos, who I imagine after much pestering managed to get EEStor co-founder and CEO Richard Weir on the phone for a very brief interview (way to go, Michael — Weir hasn’t returned my calls since I interviewed him back in January). Weir told Kanellos that commercial production of EEStor’s energy storage unit will be on or before mid-year 2008.
I’m not as concerned about the delays as much as what I’m hearing from some folks in the know. One high-profile VC who’s not invested in EEStor (at least I don’t think he is) told me he’s heard the technology doesn’t work as originally described. Now, this could mean two things: one, that it is a dud, or two, that it’s still a good technology but not the kind of earth-shattering, paradigm-shifting storage technology we’ve come to expect from EEStor.
Again, we can all speculate ’til the cows come home… it doesn’t change the fact that this is a waiting game and, well, we’ll just have to wait. High risk, high reward, as John Doerr says.
NOTE: I must laugh at the people who have reserved every kind of domain name related to EEStor. The real company, of course, has registered eestor.us — a site that has never been active as far as I can tell. I laugh because EEStor is such a lame name, and there’s a high likelihood that when the company is ready to go public with a Web site it will probably come with a name change, meaning all those domain squatters hoping to make a quick buck will have wasted their money. Kleiners did it with Ion America, which had its name changed to Bloom Energy. You can bet they’re already thinking up something cool and catchy to replace the awkward EEStor.