Member - Storelectric Limited
Enabling renewables to power the world: the most cost-effective large scale, long duration storage, suitable globally.
Type
Company
Founded
2013
Company Size
5
Member Type
innovator
Founders
Mark Howitt, Jeff Draper
Headquarters
Howick Park Ave, Penwortham, Preston PR1 0LS, UK
Social network
About
Storelectric is developing transmission grid-scale energy storage innovative adiabatic Compressed Air Energy Storage (CAES). Our installations of 500MW, 2.5-21GWh produce zero or ultra-low emissions and will operate at 68-70% round trip efficiency, at a cost of £400m ($530m), and a levelised cost less than half that of gas-fired peaking plants. A second technology enables us to convert existing gas-fired power stations (CCGT or OCGT) into 60% efficient CAES systems at much lower capex, provided they are over a suitable geology. Both use existing, off-the-shelf equipment. These plants address the entire energy trilemma: the world’s most cost-effective and widely implementable large scale energy storage technology, up to 100% clean, turning locally generated renewable energy into dispatchable electricity. They also support the transition to renewables without subsidy, in a level regulatory and commercial playing field. They have the potential to store an entire country’s energy requirements for over a week, and global potential.
Headquarters Howick Park Ave, Penwortham, Preston PR1 0LS, UK
SDG’s of application
The Sustainable Development Goals are a call to action to end poverty, protect the planet and ensure peace and prosperity everywhere.
SDG 6
Clean water and sanitation
SDG 7
Affordable and clean energy
SDG 9
Industry, innovation and infrastructure
SDG 11
Sustainable cities and communities
SDG 12
Responsible consumption and production
Efficient Solutions
Labelled Solutions from Storelectric Limited
The Solar Impulse Efficient Solution label seeks to bridge the gap between ecology and economy, bringing together protection of the environment and financial viability to show that these solutions are not expensive fixes to problems, but rather opportunities for clean economic growth.
The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. To validate the Membership to the World Alliance for Efficient Solutions, the Solar Impulse Foundation only verifies that each entity is registered and has signed our principles and values stated in the following World Alliance for Efficient Solutions charter. For those Members who are also solution providers, this information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.
