Storelectric raises £1 million for energy storage solution

Dec 14, 2018 · uktech.news

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Storelectric, the electricity storage company, has announced £1 million in additional funding as the company rolls out its proprietary-technology solution for storing and using renewable energy.

The funding round came from green tech investors 350PPM alongside employees from a major US institution. This round brings total investment in Storelectric to over £1 million as the company opens a further round of investment to private individuals using 350PPM’s Envestry platform.

Storelectric said it provides a solution to the global problem of large-scale energy storage and is aiming to change the face of the energy market as governments try to meet global climate change targets.

It aims to store energy on a large-scale using Compressed Air Energy Storage.

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