New York, United States
Qnetic, founded in 2021 and headquartered in the United States, is at the forefront of revolutionizing the energy storage sector. The company is championing clean and sustainable energy through their unique high-performance grid-scale energy storage technology, which is essential for integrating renewable power sources like wind and solar into the global energy infrastructure.
Positioning itself as a cost-effective alternative, Qnetic utilizes a breakthrough Flywheel Energy Storage System (FESS) specifically designed for daily energy shifting. This innovative approach facilitates storing solar power during daylight for nighttime use and vice versa for wind energy, effectively decoupling energy generation from consumption.
With a competitive edge over current Li-ion batteries, Qnetic boasts a Levelled Cost of Storage (LCOS) that is half the cost, thanks to optimized efficiency and reduced degradation. They are on track to reach mass production by 2025. Recently, the company secured a Seed Round investment backed by SOSV, marking a significant milestone in its development journey.
Form Energy
