Energy Dome releases globe's initial multi-megawatt 'CO2 Battery' project in Sardinia, Italy
- Italian start-up Energy Dome has actually launched the first demonstrator project of its carbon dioxide-based energy storage space remedy, a 4MWh system in Sardinia, Italy, while also revealing Series B plans.
The 2.5 MW/4MWh CO2 Battery facility is currently completely functional after a first phase of procedures to test its performance. Building and construction began just over a year earlier, as reported by Energy-Storage. information, and entailed a team of professionals in turbomachinery, process engineering and energy.
The business's modern technology uses a thermodynamic cycle to shop and also dispatch energy with a 4-24 hr duration. It 'charges' by attracting carbon dioxide from a large climatic gasholder (the Dome) and also storing it under pressure at an ambient temperature level, and sends off by evaporating as well as increasing the gas right into a turbine to create power and return it back to the Dome.
Energy Dome was founded by engineer as well as entrepreneur Claudio Spadacini as well as integrated 3 years back. Complying with an US$ 11 million Series A in December its VC backers consist of 360 Capital, Barclays, Novum Capital Partners and Third Derivative, as well as the company is currently planning to introduce a Series B round, it has actually revealed.
The Milan-based start-up will use its Series A cash to bring a larger, 20MW/100MWh project to life. That project is being carried out in collaboration with utility A2A which joined the fundraise.
Energy Dome additionally recently racked up a worldwide licencing arrangement with Italian power design company Ansaldo Energia. The agreement enables Ansaldo to commercialise Energy Dome's technology in its core markets where it has a historic commercial presence.
The business states its technology has an energy storage space thickness 10-20 times more than other pressed air energy storage (CAES) remedies as well as two-thirds that of liquid air energy storage (LAES). Nonetheless, Energy Dome explains that its solution does not call for the cryogenic temperature levels of LAES which can raise system intricacy and competition, it claims.
Other firms providing services around compressed gas consist of Corre Energy, which increased EUR20 million last year for its green hydrogen manufacturing as well as compressed air energy storage space solution and also contributed a visitor blog on Energy-Storage. news simply yesterday.
Canada-based Hydrostor simply landed a huge 1,500 MWh project in a city in Australia which will certainly utilize its A-CAES innovation (innovative CAES). It's sophisticated insurance claim stems from an alternate to fossil fuel pre-heating, higher round-trip performance than standard CAES, and also a less complicated siting as well as construction procedure.