Storelectric Recognition

Storelectric Recognition

KEY MILESTONES

2013

Green CAESTM concept developed

Company set up

2014

Alternative Green CAESTM designs modelled

First validations

Seed funding

Storelectric wins funding prize at Shell Springboard

2015

Technical validation and work with Siemens, Balfour Beatty, Alstom, ERM

Commercial modelling and validation of both plant and SPV by PwC

Recruited Tallat Azad a senior Director from Alstom


2016

Grant of European Project of Common Interest

Developed Hydrogen CAESTM

Collaboration agreement with Maloney Metalcraft

Developed proprietary revenue/commercial/financial model, an updated version of which is consistent with Baringa’s 2020 model

2017

Mitsubishi Power validation and support started, replacing Siemens who focus on Dresser Rand since acquisition

Accredited by World Alliance for Efficient Solutions

Collaboration agreements with ERM, Geostock and KBB DEEP

Recruited Paul Davies, a Senior Partner from PwC

2018

Won NAM Challenge (NAM is the Shell-Exxon JV in the Netherlands) global large-scale energy storage competition

Validation reports (with models and sensitivity scenarios) by Costain, Fortum, Mott MacDonald

Letters of support from Arup, National Grid, Scottish Power Energy Networks and others

Project of Common Interest re-approved

2019

Validation reports (with models and sensitivity scenarios) of Storelectric’s revised Green CAESTM design prepared by Fortum

Letters of support from Siemens, Arup (again), Sembcorp and others

Closing successful Series A funding round, over £1m raised

2020

Grant of patent to catalyse electrolysis with the heat of compression

Revenue streams / Gross Margin validation and calculation by Baringa

Final validation report by NAM

Letter of intent from Mitsubishi Power

Project of Common Interest re-approved

2021

Letter of support from wind farm developer for National Grid to explore a wind-storage combined project, 2.6GW, 20GWh

Renewed letter of support from Geostock

Opening Series B funding round

Compressed Energy Consultees

PUBLICATIONS

Storelectric is a major consultee in numerous public consultations by the British government, European Union, Ofgem, National Grid and others.

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France 24
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Storelectric Innovation

OUR AWARDS

2015

European Utility Week: Initiate Award.

Issuu’s online magazine Technology Innovator: Innovation in Technological Development in the Electricity Industry and Most Innovative Start-up.

From 2015-2018

CV Magazine’s Technology Innovator Awards: 6 awards; Innovation (twice), Ones to Watch in Energy Storage Solutions (twice), Most Innovative Start-up and CAES Business of the Year.

2017

World Alliance for Efficient Solutions: One of 1,000 Efficient Solutions

2018

NAM Challenge global large-scale energy storage competition (NAM is the Dutch gas and oil producing joint venture between Shell and Exxon)

2019

Business Innovator Awards: Best Renewable Energy Storage Solutions Provider – UK

2020

Hello Tomorrow / Solar Impulse Foundation: Efficient Solution Label

Corp Today Magazine: Best in Air Energy Storage Solutions: United Kingdom, and Best for Turn-key Energy Storage and Microgrids

European Enterprise Awards: Best Compressed Air Energy Storage Projects Developer

Energy CIO Insights: Top 10 Energy Tech Solutions Provider

2021

Global Business Insight Awards: Most Outstanding Renewable Energy Storage Solutions Provider – UK

Environmental Finance IMPACT Awards: Impact Initiative of the Year – Europe

2022

Corp Today Magazine Global Business Awards: Best Compressed Air Energy Storage Specialists 2022

ChangeNOW 2022: key technology selected for exhibition and presentation