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Company	Storelectric
Short Description	Developer of 20MW to multi-GW 100% scale energy storage systems, to back up intermittent renewables and interconnectors very cost-effectively, with proven technologies, supported by Siemens, Costain, Mott, PwC and others. Renewable energy on demand.
Status	Private
Year Founded	2013
Industry Group	energy & power
Sector	energy storage
TRL Range	4-6
Country	United Kingdom
Nbr Employees	1-10
Revenue Range	Pre-revenue
Total Equity Capital Raised	$1.79M
Last Stage Capital Raised	Series B round of $1.25M 2018
Investors	Shell Springboard, Small angels, 350 PPM

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Short description

Developer of 20MW to multi-GW 100% scale energy storage systems, to back up intermittent renewables and interconnectors very cost-effectively, with proven technologies, supported by Siemens, Costain, Mott, PwC and others. Renewable energy on demand.

Founded in 2013

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Company type Private Public ()

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Industry Group energy & power

Sector energy storage

TRL Range 4-6

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 United Kingdom Preston, United Kingdom

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Updated by Mark Howitt at Storelectric Ltd on 12/03/2018

Edited by Cleantech Group on 10/02/2020

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11 partnerships
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4 financing events

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	Can't find an investor? Add an investor Valuation Description 400/400 characters left Related press release or article about this deal Cancel Save
12/12/2018	350 PPM 350 PPM (1) Post-money valuation of Funding will be used for technology deployment. (source)	Series B	$1,250,000	Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	CAES Energy Storage System Storelectric aims to construct a prototype CAES energy storage system that will be upgradeable to 500MW	Product Development	Products - Retail	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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CAES Energy Storage System

Storelectric aims to construct a prototype CAES energy storage system that will be upgradeable to 500MW

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	Fortum Fortum View source Confirmed by Fortum	Development Partner	Delete

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Developer of 20MW to multi-GW 100% scale energy storage systems, to back up intermittent renewables and interconnectors very cost-effectively, with proven technologies, supported by Siemens, Costain, Mott, PwC and others. Renewable energy on demand.

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