Liquid air energy storage firm Highview to announce EPC tie-up this quarter

A fully integrated LAES system that was commissioned in July 2011 and ran until the end of 2014. Highview hopes large-scale versions will be commercialised soon. Pic: Highview Power Storage.

A fully integrated LAES system that was commissioned in July 2011 and ran until the end of 2014. Highview hopes large-scale versions will be commercialised soon. Pic: Highview Power Storage.

By Jason Deign

Liquid-air energy storage (LAES) developer Highview Power Storage is preparing to announce a tie-up with a major engineering, procurement and construction (EPC) contractor this quarter.
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Crowdfunding: a new route to cash?

UK crowdfunding campaign successes for Renovagen, Highview Power Storage and Powervault, as venture capital investment decreases for energy storage start-ups.

UK crowdfunding successes for Renovagen, Highview Power Storage and Powervault, as venture capital investment decreases for energy storage start-ups. Photo: Renovagen

By Jason Deign

A UK campaign this month underscored the value of crowdfunding as new figures showed energy storage venture capital financing on the wane.

Renovagen, an integrated solar-plus-storage technology developer, had raised GBP£1m from 807 investors when its crowdfunding campaign on Crowdcube came to an end last week.

The campaign saw the start-up getting 167% of its £600,000 target, with the largest single investment amounting to £100,000.

The money will be used to fund go-to-market costs for Renovagen’s Roll-Array portable solar power system, which consists of flexible, transportable solar farm units with integrated energy storage.

Renovagen claims the technology enables deployment of large solar power capacity more quickly than competing methods.
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UK energy storage in the pink

A UK government programme aimed at nurturing new energy storage technologies has started to bear fruit, and the mainstream press is paying attention. An article in none other than the Financial Times not only mentions the Department of Energy and Climate Change’s GBP£17m competition, but also goes on to detail a cryogenic system developed by Highview Power Storage that uses liquid air to store energy.

The piece takes the whole concept of energy storage seriously, pointing out that it will be essential in order to keep the lights on should the shift to renewable energy continue.