Top 10 Compressed Air Energy Storage startups

Updated: April 23, 2024 | Editor: Alexander Gillet

Compressed-air energy storage (CAES) is a way to store energy generated at one time for use at another time using compressed air.
1
Country: Canada | Funding: $322M
Hydrostor is a developer of Advanced Compressed Air Energy Storage (A-CAES), a long-duration, emission-free, cost-effective energy storage.
2
Country: UK | Funding: $61.7M
Highview Power’s CRYOBattery delivers, clean, reliable, and cost-efficient long-duration energy storage to enable a 100% renewable energy future. It is storing energy in “liquid air”—when you compress a gas enough, it turns liquid
3
Country: USA | Funding: $46.9M
LightSail Energy develops breakthrough, high efficiency energy storage systems using compressed air.
4
Country: Netherlands | Funding: €19.8M
Corre Energy develops, builds and operates grid-scale underground energy storage.
5
Country: UK | Funding: £14M
Cheesecake Energy is developing advanced thermal and compressed air energy systems to store energy.
6
Country: Switzerland
Airlight Energy develops solar technologies for large-scale production of electricity and thermal energy, and for energy storage. It offers concentrated solar power systems for electricity generation and industrial process heat applications; concentrated photovoltaic systems for the energy intensive industry and large utilities; and solutions for concentrated photo voltaic and advanced adiabatic compressed air energy storage markets.
7
Country: UK | Funding: £1M
Storelectric is a developer of projects using two highly efficient forms of Compressed Air Energy Storage
8
Country: Israel
BaroMar's under-sea energy storage technology enables the utilization of wind and solar power for a consistent and reliable supply of electricity.
9
Country: USA
Apex is a Texas-based company created to develop, construct, own and operate compressed air energy storage (CAES) plants.
10
Country: USA
Advanced compressed air energy storage for a carbon-free electrical grid
Editor: Alexander Gillet
Alexander Gillet is a senior editor for EnergyStartups. He has a deep background in energy sector and startups. Alexander graduated from Emlyon Business School, a leading French business school specialized in entrepreneurship. He has helped several non-profit organizations dedicated to promoting environmental education and sustainability and has written over 250 articles on energy technology for various websites. In his free time, Alexander enjoys yoga, camping and exploring the Blue Ridge Mountains. You can contact Alexander at alexgillet(at)energystartups(dot)com