RheEnergise obtains €2.5 million investment to speed up advancements in green energy storage technology
RheEnergise, a UK-based energy storage company, has made a significant breakthrough in the realm of long-duration energy storage (LDES) technology with the development of its High-Density Hydr (HD Hydro) system. This innovation promises to revolutionise the energy storage sector, making it more versatile, cost-effective, and geographically unconstrained.
The European Innovation Council (EIC) has recognised the potential of RheEnergise's R&D, awarding the company a €2.5 million grant from the EIC Accelerator. This grant acknowledges the quality of RheEnergise's work to date and the commercial prospects for its LDES technology.
Unlike conventional pumped hydro energy storage, which typically requires mountainous regions or large vertical elevations, RheEnergise's HD Hydro can operate with vertical elevations as low as 100 metres or less. This means it needs about 2.5 times less vertical height to function effectively, dramatically expanding the potential deployment sites globally.
The HD Hydro system works by pumping a non-corrosive, high-density fluid uphill between storage tanks buried underground during times of low energy demand. When electricity is needed and prices rise, the fluid is released downhill through turbines to generate electricity for the grid. This fluid's high density allows more energy to be stored and recovered in a compact and adaptable format, compared to conventional pumped hydro which typically uses water and requires significant elevation differences to store and release energy.
The HD Hydro system is suitable for deployment in the UK and worldwide, with RheEnergise having agreements in place to deploy its technology in the UK, South America, Australia, and mainland Europe. There are many more sites suitable for RheEnergise projects due to the reduced elevation requirement.
The LDES technology developed by RheEnergise is receiving global interest, with the company aiming to be one of the UK's leading green energy unicorns. The High-Density Fluid pumping at the demonstrator energy storage plant in Plymouth, Devon, is imminent, marking a significant step towards achieving this goal.
Projects using RheEnergise's HD Hydro technology will range from 10 MW to 100 MW of power, making it a scalable solution for various energy needs. The grant award from the EIC Accelerator coincides with the start of RheEnergise's investment roadshow in Canada, further demonstrating the international interest in this groundbreaking technology.
In summary, RheEnergise's HD Hydro system offers a long-duration energy storage solution that is more versatile, less geographically constrained, and potentially more cost-effective than traditional pumped hydro storage. This makes HD Hydro suitable for broader green energy integration and grid decarbonization efforts worldwide.
The European Innovation Council (EIC) has recognized the potential of RheEnergise's LDES technology, awarding a €2.5 million grant to support its environmental-science and finance goals in the renewable-energy industry. With the reduced elevation requirement of the HD Hydro system, it can be deployed in a wider range of geographical locations, contributing to the global effort towards environmental sustainability and grid decarbonization. The scalable solution, capable of power generation ranging from 10 MW to 100 MW, is also attracting international interest, positioning RheEnergise as a contender for becoming one of the UK's leading green energy companies.
