Nottingham spinout Cheesecake Energy sells £3.5m slice to investors

Nottingham-based energy storage startup Cheesecake Energy has raised £3.5 million in a pre-Series A funding round. The company will use the investment to pilot its green energy storage technology, which stores electricity as heat and compressed air. Cheesecake Energy claims its technology is a cheaper, more sustainable, and safer alternative to lithium-ion batteries. The funding round was led by BGF, with participation from Perivoli Innovations and angel investors.

Cheesecake Energy Secures £3.5 Million to Advance Green Energy Storage Technology

Cheesecake Energy is a Nottingham-based startup developing modular energy technology that stores electricity as heat and compressed air. The company claims its technology can displace lithium-ion batteries in applications such as agriculture and transport. Cheesecake Energy's system is designed to be lower cost, more sustainable, and safer than battery alternatives, with no rare or toxic materials and a fully recyclable design.

Cheesecake Energy develops modular energy storage technology using heat and compressed air, aiming to replace lithium-ion batteries.

3 years ago

Cheesecake Energy Secures £3.5 Million to Advance Green Energy Storage Technology

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