Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for the energy sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 5 promising industrial energy storage startups.
Heat Map: 5 Top Industrial Energy Storage Startups
Using our StartUs Insights Platform, covering 1.116.000+ startups & emerging companies, we looked at innovation in the field of energy. For this research, we identified 327 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and technology among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & emerging companies developing industrial energy storage solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 327 companies we analyzed for this specific topic.
Malta – Electro-Thermal Grid Scale
Energy storage is a critical lever in maintaining consistency in power supply as renewable sources have peaks and troughs. Electricity, stored as heat, is an efficient way to store energy for longer durations of time. This helps reduce congestion in power grids and optimizes energy consumption. Startups and emerging companies work on electro-thermal grid-scale storage solutions to tackle congestion issues in the grid.
The US-based startup Malta offers electro-thermal energy storage systems. The solution converts electricity into heat and stores it in liquid salt, which improves the longevity of storage. As a result, energy is available to be distributed back to the grid on-demand.
Revterra – Low Loss Flywheel Energy Storage
Advanced flywheel systems include rotors, made with lightweight carbon fiber composites, and superconductors to efficiently store kinetic energy. In order to effectively store energy at lower costs, and to improve energy storage performance, startups and emerging companies work on innovative solutions in flywheel systems.
The US-based startup Revterra provides low-loss flywheel energy storage solutions. With the help of materials like carbon fiber composites and active magnetic levitation, using magnetic bearings and superconductors, rotational energy is stored with minimal loss. As a result, this significantly improves the overall performance of energy storage, when compared to existing flywheel systems.
Alumina Energy – Packed Bed Energy Storage
With the help of various materials, thermal energy is stored in high-pressure tanks, caves, rock beds, and water cisterns. Packed bed energy storage enables storing energy in abundant and economically viable materials. This method uses air as a heat transfer fluid to improve collector efficiency and enhance exergy, which in turn enables better stratification. This compels energy technology startups to work on various innovative packed bed energy storage solutions.
Based out of the US Alumina Energy is a startup developing alumina-based packed bed energy storage solutions. The solution uses a ceramic storage material that is capable of withstanding high temperatures. The ease of installation and its modular capability improves energy conservation and lowers energy costs. It also supports green initiatives like decarbonization and sustainable energy generation with higher efficiency.
Power Edison – Mobile Energy Storage System
Mobile energy storage systems offer flexibility and mobility to quickly provide backup support and additional capacity for electricity grids, industrial complexes, and microgrids. Further, this helps reduce frequent power outages and provides consistent power to keep the machinery running. Startups and emerging companies work on innovative mobile energy storage solutions to ensure core machinery and equipment always remain functional.
The US-based startup Power Edison provides mobile energy storage solutions for multiple industries. The software suite offers Behind-The-Meter (BTM) analytics, demand charge reduction, and backup power. Additionally, their fleet optimization program enhances the utilization of energy storage resources and improves revenue generation.
NEOSUN Energy – Industrial Battery Stacks
Manufacturers set the requirements for industrial battery stacks depending on the size of their operations. The flexibility of customization enables organizations to have the right amount of energy storage at all times. In addition, these battery stacks are usually highly scalable and designed to hold energy from fossil fuels and renewable energy.
Chinese startup NEOSUN Energy provides lithium battery stacks as energy storage solutions. Each cell in the battery stack has a rated capacity of 5.7 kWh, and with the help of a modular frame, the capacity is scalable from kWh to MWh. Moreover, the shelf-life of each battery cell is 6.000 cycles which reduces the frequency of replacing the cells.
What About The Other 322 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence so you can achieve your goals faster. The 5 industrial energy storage startups showcased above are promising examples out of 327 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.