Our impact
As the world generates more electricity from intermittent renewable energy sources, there is a growing need for technologies which can capture and store energy during periods of low demand and release it rapidly when required.
At Gravitricity we are developing innovative, long-life, underground technologies which store energy safely and deliver it on demand at a lower lifetime cost than current alternatives.
Technology
Gravity Storage
Our GraviStore underground gravity energy storage technology uses the force of gravity to offer some of the best characteristics of lithium batteries and pumped hydro storage.
Hydrogen Storage
Our H2FlexiStore underground hydrogen storage technology uses the geology of the earth to contain pressurised fuel gas, allowing safe, large-scale storage, close to the point of demand.
Gravitricity Crowdcube 2024
Watch the video for our successful Crowdcube 2024 fundraise above. Hear about the progress we’ve made on our GraviStore (gravity energy storage) and H2FlexiStore (underground hydrogen storage) technologies, the partnerships we are building and the upcoming projects our team are working on.
“The Net Zero Emissions by 2050 Scenario envisions both the massive deployment of variable renewables and a large increase in overall electricity demand as more end uses are electrified. Grid-scale storage, will be essential to manage the impact on the power grid and handle the hourly and seasonal variations in renewable electricity output.”
The International Energy Agency (IEA)
Investment Opportunity
Gravitricity is tapping into growing global demand for energy storage, which analysts at BloombergNEF estimated in 2021 will attract more than $262 billion of investment up to 2030.
At the same time almost 100 governments worldwide are adopting clean hydrogen strategies, with $16 billion in national subsidies set to be invested in hydrogen projects between 2022 and 2030.
Our Team
At Gravitricity we have a dynamic and skilled team of highly capable individuals. Their real power is how they work as a team, get to the heart of engineering challenges and find optimal solutions.
Each staff member is aligned to our mission to accelerate the global transition to 100% renewable energy and cares passionately about the potential offered by our innovative energy storage technologies.
“ABB has 130 years of history with mine hoists, since we first electrified one in Sweden in the 1890s, but this collaboration with Gravitricity shows how we can continue to diversify and adapt our technologies. We are eager to progress with our collaboration and explore the possibilities as we become part of the next generation of renewable energy storage systems and make use of mine shafts that are no longer in service.“
Charles Bennett, Global Service Manager, Business Line Hoisting, ABB
