4 years ago

Cheesecake Energy Raises €1.1 Million Seed Funding for Green Energy Storage Technology

  • Cheesecake Energy, a UK-based energy storage startup, has secured €1.1 million in seed funding led by The Imperial College Innovation Fund

  • The funding will support the development of Cheesecake Energy's manufacturing capabilities and its eTanker storage system, which stores electricity in compressed air and heat

  • The company's technology aims to reduce energy storage costs by 30% to 40% while offering portability and flexibility, making it suitable for various applications, including local renewable microgrids, electric vehicle fleet charging, and heavy industry.

      • ProblemEnergy

      "Current energy storage technologies like batteries are not economical for medium-duration storage, and large-scale solutions like pumped hydro systems are unsuitable for many applications."

      Solution

      "Cheesecake Energy's eTanker technology stores electricity in the form of compressed air and heat, offering a more cost-effective and flexible solution for medium-duration energy storage. It is deployed in a modular, containerised package, making it suitable for a range of terrains and applications, including local renewable microgrids, electric vehicle fleet charging, and heavy industry."

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