Manchester, United Kingdom
Storelectric, founded in 2013, is an award-winning renewable energy storage company poised at the forefront of energy transformation. With the slogan "Enabling #renewables to power the grid," this innovative enterprise is addressing global energy challenges through its disruptive technology.
Storelectric is developing what could be the world's largest and most cost-effective grid-scale electricity storage system. Utilizing a novel form of Compressed Air Energy Storage, each installation is designed to replace a fossil fuel power station, generating 500MW and storing at least 45GWh of electricity. The technology operates at a capital cost lower than that of gas-fired power stations while leveraging clean energy sources like wind, solar, wave, and tidal power.
Acknowledged for its pioneering solutions, Storelectric effectively tackles the "energy trilemma" by reducing costs, boosting energy security, and fostering renewable generation. The company secured a £1M Venture Round investment from 350 PPM on December 12, 2018, reflecting solid potential for further investment appeal.
