The Problem:There is a global need for clean, affordable and secure energy. The global energy market is currently sized at $12 trillion, and energy demand is expected to grow by one-third by 2040. The world still sources 87% of its energy from fossil fuels. The world needs to transition to renewables but the main problem with conventional renewables is that they have failed to outcompete with fossil fuels on cost, scalability, power and energy density.
The Solution:We are working on a game changing innovation that can help in accelerating the global transition to renewable energy. We have developed a disruptive energy system that harnesses offshore wind utilising vertical axis wind rotors combined with a mechanical energy storage system. A technology with signifiant attributes that provides on-demand dispatchable power and grid scale energy storage.
The Differentiator:The technology we are developing has the potential to transform the dynamics of the energy market in terms of on-demand dispatchable power from wind, grid scale energy storage, reliable energy generation, efficiency, electrification, lowering the cost of energy, scalability, security of supply, and environmental impact. A zero carbon emissions technology that could be a game changer for the 21st century and beyond.
Biggest Achievement:Selected by the World Economic Forum - 100 top startup shaping the 4th Industrial Revolution.
Proud Techstars backed company
Reached TRL 6 within 2 years