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Storelectric logo — Enabling #renewables to power the grid. Affordable, long-dur...

Storelectric

Enabling #renewables to power the grid. Affordable, long-duration, large-scale energy storage

Founded 2013 United Kingdom Manchester, United Kingdom 20 employees Venture round Total: $1.00M Drones, Energy +1

General Information

Company Name Storelectric
Founded Year 2013
Location United Kingdom Manchester, United Kingdom
Employees 20
Industries Drones, Energy, Renewable Energy
Funding Stage Venture round
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About Storelectric

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.

Business keywords: Renewable Energy Storage, Compressed Air Energy Storage, Grid-Scale Solutions, Energy Independence, Intermittency Management, Electricity Grid Integration, Large-Scale Storage Systems, Cost-Effective Energy Solutions, Energy Security, Ancillary Services for Grids, Baseload Optimization, Clean Energy Transition, Pioneering Technology, Energy Trilemma Solutions, Fossil Fuel Replacement

Services & Products

Development of green energy storage solutions
Integration of renewable energy with hydrogen and CAES
Underground storage for electricity and hydrogen
Long-duration energy storage
Enablement of renewables to power the grid

Target Customers

Renewable energy providers Utility companies Governments and sovereign nations seeking energy independence Hydrogen economy stakeholders Energy grid operators

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round £1.00M 1
350 PPM
12 Dec 2018

Storelectric Alternatives & Competitors

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Storelectric vs
Ore Energy
Ore Energy The Netherlands

Turning iron, water and air into the missing piece of the world’s energy transition.

Series A
48 employees
Climate Tech, Energy
Storelectric vs
NRStor Inc.
NRStor Inc. Canada

Cost-effective, reliable energy storage projects for grid operators, electricity users, and consumer...

Grant
16 employees
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Storelectric vs
Quantitas Energy
Quantitas Energy Norway

We provide the flexibility for clean power

Pre-Seed
2 employees
Energy, Renewable Energy
View all alternatives

FAQ About Storelectric

Enabling #renewables to power the grid. Affordable, long-duration, large-scale energy storage
Storelectric was founded in 2013.
Storelectric is headquartered in Manchester, United Kingdom.
Storelectric operates in Drones, Energy and Renewable Energy. Its work centres on Renewable Energy Storage, Compressed Air Energy Storage, Grid-Scale Solutions and Energy Independence. Its customers include Renewable energy providers, Utility companies and Governments and sovereign nations seeking energy independence.
Storelectric has approximately 20 employees.
Storelectric has completed 1 funding round, raising a total of $1.00M. The latest funding stage is Venture round.
Storelectric offers: Development of green energy storage solutions, Integration of renewable energy with hydrogen and CAES, Underground storage for electricity and hydrogen, Long-duration energy storage, Enablement of renewables to power the grid.
Top alternatives and competitors to Storelectric include Ore Energy, NRStor Inc., Quantitas Energy, BrightSource Energy, TES. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Storelectric and Ore Energy are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Storelectric, https://bouncewatch.com/company/storelectric, updated 19 August 2025. When citing, please name BounceWatch and link this page.

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