This article presents an analytical overview of 10 new energy storage companies offering innovative solutions enabling flywheel energy storage for high-efficiency kinetic energy retention, high power density cells for compact and powerful energy storage, and underground gravity batteries for scalable, gravity-based power storage.
They also feature energy storage modeling software for optimizing storage solutions, compressed air-based long-term energy storage for sustainable large-scale energy management, and micro-channel-based hydrogen storage for efficient and safe energy retention. Each company contributes significantly to the advancement of the energy storage sector, showcasing the varied and growing uses of energy storage technologies across different fields.
Continue reading to gain up-to-date and data-driven insights on:
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the energy storage industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Latest Energy Storage Trends: Some of the major trends advancing the energy storage sector are enhanced redox flow batteries, short-term response energy storage devices, distributed energy storage systems, novel hydrogen storage technologies, and energy storage as a service.
- Energy Storage Industry Statistics: The global energy storage industry encompasses 14K+ organizations and employs a workforce of 1.7 million people. With a whopping annual growth rate of 5.37%, the industry has seen the emergence of 2.8K+ new energy storage companies in the past five years.
- List of Energy Storage Companies (Top 10):
- Falcon Flywheels – Grid-scale Kinetic Energy Storage
- VOLTA – Zero-Volume Energy Storage
- Vessel – Micro-channel-based Hydrogen Storage
- Photon Vault – Heat-based Grid Scale Energy Storage
- Storage2Power – Compressed Air-based Long Term Energy Storage
- Swistor – High Performance Supercapacitors
- Terrament – Underground Gravity Batteries
- Borg – Underground Thermal Energy Storage
- Trydan Tech – High Power Density Cells
- Storlytics – Energy Storage Modeling Software
Meet 10 out of 2.8K+ Emerging Energy Storage Companies
In this section, we highlight some of the best energy storage solutions focused on zero-volume storage, grid-scale thermal solutions, micro-channel hydrogen storage, and sustainable energy systems. These firms apply technologies like spatial optimization, thermal management, advanced material engineering, and green chemistry.
They optimize for efficiency, scalability, and environmental impact, improving energy storage across various applications. Dive deeper to uncover the innovative approaches and technological advancements these companies bring to the energy storage landscape.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Falcon Flywheels
- Founding Year: 2023
- Employee Range: 1-10
- Location: UK
- Signal Strength: Medium
- What they do: Falcon Flywheels develops a kinetic energy storage solution for integration with electricity grids. Its design utilizes modular arrays of multi-megawatt flywheels with multi-hour discharge capacity, featuring magnetic bearings and inertia-optimized rotors. This combination achieves extended storage duration, reduced maintenance needs, and efficient energy transfer. The flywheels operate within a vacuum housing to minimize friction and enhance efficiency while also being situated underground for aesthetic and safety purposes.
2. VOLTA
- Founding Year: 2020
- Employee Range: 2-10
- Location: Italy
- Signal Strength: Very Strong
- What they do: VOLTA offers battery technology, Volta Structural Battery. This battery integrates energy storage capabilities directly into structural components, eliminating the need for separate batteries. The technology offers several advantages including low volume and mass due to the multifunctional design, fast charging within a few minutes, and high durability exceeding 5000 charge cycles. Additionally, the battery is customizable for various shapes and sizes, is safe due to its non-flammable chemistry, and utilizes sustainable materials. VOLTA finds applications in aerospace, automotive, and other sectors seeking lightweight, high-performing energy storage solutions.
3. Vessel
- Founding Year: 2021
- Employee Range: 2-10
- Location: Canada
- Signal Strength: Medium
- What they do: Vessel provides a hydrogen storage solution using micro-channel technology. This technology stores hydrogen gas in a network of tiny channels, resulting in lightweight and cost-effective pressure tanks compared to traditional carbon fiber options. The company’s design offers enhanced safety features due to the self-contained nature of each micro-channel, which limits hydrogen release in case of ruptures. Targeting applications in mobility, aerospace, and renewable energy sectors, Vessel enables the adoption of hydrogen as a sustainable energy source.
4. Photon Vault
- Founding Year: 2019
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Photon Vault develops a thermal energy storage solution for the electricity grid. Its technology utilizes a proprietary heat storage media and a thermodynamic cycle to store excess heat from solar or industrial waste sources. It then converts the stored heat back into electricity when needed. This design utilizes common materials and avoids degradation issues seen in battery storage, making it a potentially cost-effective and sustainable solution for grid operators.
5. Storage2Power
- Founding Year: 2022
- Employee Range: 2-10
- Location: Norway
- Signal Strength: Medium Strong
- What they do: Storage2Power offers an underwater compressed air energy storage system. It utilizes vertically positioned tubes submerged in water. A piston travels up and down within a tube. As the piston descends, it compresses air, simultaneously pushing water through a turbine for electricity generation. Conversely, a rising piston draws water back in, creating low pressure that pulls air through a separate turbine for additional power generation. This cycle uses both upward and downward movements of the piston for energy production. The design supports scalability, modularity, and the ability to integrate with renewable energy sources like wind or wave power for compressing the air. Storage2Power thus benefits grid operators seeking long-term energy storage solutions.
6. Swistor
- Founding Year: 2019
- Employee Range: 2-10
- Location: Switzerland
- Signal Strength: Very Strong
- What they do: Swistor designs high-performance supercapacitors for energy storage. Its technology involves supercapacitor electrodes consisting of a dense nanocarbon base, like graphene, coated with nanoparticles of active materials. This design allows the supercapacitors to function effectively at both low and high currents, enabling rapid charging within seconds. The company supports sustainability by using cobalt- and lithium-free green electrolytes. Additionally, their supercapacitors have a longer lifespan due to slow degradation. These features make Swistor’s supercapacitors useful for manufacturers seeking high-performance and eco-friendly energy storage solutions in applications requiring frequent bursts of power or rapid charging/discharging cycles.
7. Terrament
- Founding Year: 2019
- Employee Range: 1-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Terrament builds long-duration energy storage systems using gravity. Its solution, Terrament Gravity Storage, leverages existing deep mine shafts and well-established technologies like wind turbine motors and generators. The process involves raising and lowering massive weights within the shafts. Lowered weights store energy, while raised weights release it. This eliminates reliance on critical minerals and avoids chemical batteries. This way, Terrament offers grid operators a low-risk, high-capacity, and sustainable energy storage solution for integrating renewable energy sources.
8. Borg
- Founding Year: 2019
- Employee Range: 2-10
- Location: Netherlands
- Signal Strength: Very Strong
- What they do: Borg offers a residential underground heat storage solution, Borg T4. The system utilizes a large, low-tech buffer tank filled with water, placed underground in a homeowner’s garden. It stores the excess heat from renewable sources in the tank during off-peak hours. The Borg T4’s software then integrates with the home’s heating system, discharging heat when needed — all managed by a central control box. Borg thus enables high energy efficiency and low environmental impact, benefitting homeowners seeking a sustainable and cost-effective solution for storing thermal energy.
9. Trydan Tech
- Founding Year: 2020
- Employee Range: 11-50
- Location: India
- Signal Strength: Very Strong
- What they do: Trydan Tech makes high power density lithium-ion batteries for EVs. Its product line includes Trydan 2301 range+ for everyday drivers, Trydan 2302 hp+ for high-power output, and Trydan 2303 power+ for heavy-duty EVs requiring very long cycle life. The company optimizes each cell component, including cathode material, anode material, and electrolytes, for maximized performance. This translates to increased power density, enabling faster acceleration and improved handling. Additionally, it achieves extended cycle life through minimized capacity loss, resulting in fewer battery replacements, cooler operation, and reduced environmental impact.
10. Storlytics
- Founding Year: 2021
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Storlytics builds a grid-tied energy storage modeling software solution. It offers features like detailed battery modeling, and predicting degradation and losses across various lithium chemistries. The software analyzes and corrects user-entered data before simulations, ensuring clean inputs for advanced analytics. These analytics include optimal sizing recommendations, State of Health (SoH) profiles, and Round Trip Efficiency (RTE). Further, the inverter modeling simulates efficiency and losses for popular energy storage inverters. Storlytics also provides balance-of-plant simulation and report generation with detailed battery sizing, degradation, and efficiency data.
Quick Tip to Find New Energy Storage Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new energy storage companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying energy storage innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the energy storage industry. The platform keeps you informed with near real-time updates on emerging energy storage companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the energy storage sector, such as high-power density cells, hydrogen storage solutions, or redox flow batteries. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Discover All Energy Storage Companies!
We’ve explored the dynamic landscape of the energy storage industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Energy Storage Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
