Storelectric raises £1 million for energy storage solution

Dec 14, 2018 · uktech.news

Shutterstock 570200689 898x505

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.

Read Complete Article

RT @HelloUpstream: We're organising our #events for 2019 and would love to hear from you on what topics you'd like us to cover? #startups…

One of my priorities is to tackle violence against women and girls in the capital. I’ve repeatedly called for legis… https://t.co/EvFUbglIx0

#TechX365: Investment is a big deal in the tech startup world, with billions getting invested into thousands of sta… https://t.co/QM4gKXw7wu

Fitbit, NIH launch digital health tech initiative supporting precision medicine study https://t.co/gGnUqBVODH via @natalienoell

Telstra turns to SDN for speedy intra-Asia subsea cable switcheroo https://t.co/gDi5E3TFiB by @dobes