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Ecoult
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Developer of advanced lead-acid battery technology

Founded in 2007
Founded in

Company type Out of Business Public ()
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Industry Group energy & power

Sector energy storage

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Australia Sydney, Australia
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Parent Companies East Penn Manufacturing

Updated by Inka Schrader at Ecoult on 06/25/2014

Edited by Cleantech Group on 08/17/2021

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Date Company
11/05/2012

Hydro Tasmania Hydro Tasmania

Ecoult has signed a contract with Australia-based Hydro Tasmania to supply 3MW/1.6MWh battery-based renewable storage system for its King Island Renewable Energy Integration Project (KIREIP), the aim of which is to significantly reduce King Island’s reliance on diesel fuel to supply the island’s energy needs.

Confirmed by Hydro Tasmania

Partnerships
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Date Partner Type
06/01/2014
East Penn Manufacturing East Penn Manufacturing
East Penn Manufacturing and Ecoult are implementing a multi-purpose energy storage initiative comprised of three projects that demonstrate how energy storage systems can be used to deliver grid support services such as frequency regulation and demand management, and still have sufficient backup capability to respond immediately to any grid outage or reserve event. The initiative is the first step in a large-scale distributed storage rollout Ecoult and East Penn are planning with a major energy r ...
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Confirmed by East Penn Manufacturing
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IPO INFORMATION

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Date Investors Type Amount
02/14/2017 Australian Renewable Energy Agency (ARENA) Australian Renewable Energy Agency (ARENA) (1)
Post-money valuation of
The grant will enable Ecoult to commercialise its UltraBattery technology which was originally developed by Commonwealth Scientific and Industrial Research Organisation (CSIRO), with ARENA’s support.
Grant $3,100,000
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Products
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Product image Name Product status Revenue model Cost metrics

UltraRax - 480V-960V Grid-Scale Energy Storage

Ranging from 1MW to 50MWs: - Grid services - Renewables integration - Multifunction energy storage

Pilot/Early Revenue Products - Wholesale
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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