Flow batteries are funky large batteries that use liquid tanks and pumps. There’s a new one being commercialized by a Silicon Valley startup.
A new way to compress air and use it as a form of energy storage is getting ever closer to the mainstream with startup SustainX. The tech could be important to pair with solar and wind farms.
Peter Thiel is leading a large investment into an air energy storage startup called LightSail Energy. Thiel joins Bill Gates and Khosla Ventures as investors. Compressed air energy storage tech pumps air into tanks and releases it on demand to create a sort of air battery.
Who’s the startup behind Bill Gates’ recent description of a company he’s involved with that’s making energy storage out of “gravel on ski lifts?” Michael Kanellos guesses it’s Energy Cache, which is developing a solar-powered pump for delivering materials to the top of mountains.
On Thursday morning, GE will host a day-long event where it plans to announce the latest winners of its $200 million smart grid challenge that are specifically focused on energy use in the home.
The next-generation of technology to use compressed air for energy storage is on its way. One of the companies leading the way — General Compression — has raised another $20.39 million Series B round, according to a filing.
A startup building the next-generation of compressed air energy storage, SustainX, has raised a new round of funding from investors including GE. The funds will help the company start construction on a 1 MW compressed air energy storage project with its first customer AES.
Utility scale energy storage doesn’t get the type of attention as, solar or electric cars — particularly a tech as dry as compressed air energy storage. But startups are innovating in this area, and two in particular are moving ever closer to commercialization: SustainX and General Compression.
General Electric and some high-flying venture capital partners have named 12 winners of the first $55 million of a $200 million “ecomagination challenge” they launched this summer. The list is full of some already well-funded companies, including several that GE is already investing in.
Today on the Net: Apple is moving its iTunes music and movie service into the cloud, about a third of US residents watched the World Cup, according to Nielsen, and TiVo will supply software and services to power a next-generation TV initiative at ONO in Spain.