Top 6 Gravity Energy Storage startups

Updated: April 23, 2024 | Editor: Alexander Gillet

Gravity energy storage startups are actively working on developing innovative technologies that utilize the power of gravity to store and release energy. These solutions typically involve lifting heavy masses to a higher elevation when excess energy is available and then releasing them to generate electricity when energy is needed. By utilizing gravitational potential energy, these startups aim to provide scalable, efficient, and cost-effective energy storage solutions that can help balance the intermittent nature of renewable energy sources, enhance grid stability, and support the transition to a cleaner and more sustainable energy future.
1
Country: Switzerland | Funding: $430M
Energy Vault SA offers ground-breaking energy storage technology utilizing fundamental principles of science to deliver a storage solution.
2
Country: USA
Advanced Rail Energy Storage (ARES) provides a deployable solution for grid-scale energy storage. ARES mission is to enable the electric grid to integrate unprecedented amounts of clean, environmentally responsible, renewable energy while maintaining the reliable electric service necessary to power growth and prosperity.
3
Country: UK | Funding: £4.1M
Gravitricity is developing a novel storage technology which offers some of the best characteristics of lithium batteries and pumped storage. Its patented technology is based on a simple principle: raising and lowering a heavy weight to store energy.
4
Country: Australia
Green Gravity uses disused mines to store energy. This allows renewable energy to be used when it is needed.
5
Country: USA
Gravity Power developed a novel grid-scale energy storage system for Gravity Power Plants
6
Country: Germany
Simple, clever and durable: The technical concept of Gravity Storage uses the gravitational power of a huge mass of rock.
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