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 @StefanieCronin: [email protected] Would love to have you and your community join us for our upcoming @WonderWomenTech #London conference.…

In 2018/19 London started building the most new council homes since 1984. We’re doing everything we can to addres… https://t.co/g2aOEIzHtU

RT @MicrosoftUK: London Tech Week is FAST approaching! Who's ready to be inspired by BIG thinkers, BOLD dreamers and modern tech? Discover…

Windows 10 version 1903: Is it safe to install yet? https://t.co/LYCz0BwcgK

'Today, high-end kitchen brands are like super-yachts. If you’re wondering what it costs you’re in the wrong place' https://t.co/xdgp4vze1e

More in London