Seven little-known companies looking to slash the cost of bulk energy storage

Energy storage on a shoestring? EnergySRS's is one of numerous ideas for cost-effective bulk storage. Pic: EnergySRS.

Energy storage on a shoestring? EnergySRS’s is one of numerous ideas for cost-effective bulk storage. Pic: EnergySRS.

By Jason Deign

Everyone is looking to cut the cost of energy storage. But when it comes to storing a lot of energy, say gigawatt-hours instead of megawatt hours, cutting the cost of battery manufacturing, for instance, probably won’t do the trick.
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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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Liquid air energy storage firm goes fundraising

Highview's pre-commercial demonstration plant is due to enter operation this summer. Image credit: Highview Power Storage.

Highview’s pre-commercial demonstration plant is due to enter operation this summer. Image credit: Highview Power Storage.

 

By Jason Deign

Highview Power Storage has launched a growth capital fundraising round amid commissioning for its first pre-commercial liquid air energy storage plant.

The 20-strong UK company is looking for an unspecified amount of cash but will most likely not be talking to venture capital (VC) investors, head of business development Matthew Barnett told Energy Storage Report.

“Rather than going down the VC route, we’re sticking with high-net-worth angel investors and strategic investors,” he said.

The latter group might include businesses that could add value to Highview’s offering, such as an engineering capability, a route to market or complementary technology, said Barnett.

“If a VC came up with GBP£15m then that’s a different story, but there’s a time and a place for a VC to be involved,” he continued. “Maybe we’re entering that now, maybe we’re not.
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