Storelectric Ltdis developing Compressed Air Energy Storage (CAES) in the UK, to store many gigawatt-hours’ worth of electricity in order to make renewable energy more useful and profitable, costing ~1/10 the cost per GWh of pumped hydro-electric storage, in more useful locations and without major environmental impact. We will then roll out installations throughout the UK, Europe and the world.
We have patent pending technologies to increase efficiency to well beyond that achieved by any other CAES installation. These are an innovative design using well proven and reliable technologies from other industries, to minimise development time, cost and risk, while maximising overall system efficiency and reliability.
Storelectric is building a large consortium of multinationals and SMEs, and welcomes approaches from businesses with suitable technologies and capabilities. We are also seeking investment, and will seek Joint Venture partners for the roll-out.