The startup develops modular thermal storage systems that utilize low-cost materials and heat-to-power technology for long-duration electricity storage. This approach enables businesses to achieve significant reductions in CO2 emissions and operational costs compared to traditional fossil fuel and lithium-ion energy solutions.
Funding
$910K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Renewable energy sources like solar and wind are intermittent, creating a need for long-duration energy storage to ensure a reliable and consistent power supply. Existing energy storage solutions, such as lithium-ion batteries, can be expensive and may not be suitable for long-duration storage applications needed to support baseload power.
Solution
Aed Energy is developing modular thermal energy storage systems that utilize low-cost, abundant materials and a novel heat-to-power conversion technology to provide long-duration electricity and heat storage. Their thermal battery technology stores excess electricity and delivers energy through power-only, power & heat, and heat-only modules. The system efficiently converts electricity into high-temperature heat, storing it in a high energy density medium, and regenerating it as both power and industrial heat on demand. This approach enables renewable energy sources to operate as dispatchable baseload power, reducing reliance on fossil fuels and lowering CO2 emissions.
Target Audience
Aed Energy's target audience includes utilities and grid operators, food processing plants, ports and logistics companies, refineries, microgrids, and sustainable fuel producers.
Features
- High energy density storage medium utilizing low-cost and abundant raw materials
- Modular and transportable units for rapid deployment with minimal infrastructure
- Delivers power and/or heat, supporting utility-scale grid storage and diverse industrial applications
- Long-duration dispatch, storing energy for weeks and delivering 10+ hours of reliable power on demand
- Non-toxic, non-flammable storage with no risk of thermal runaway
- Operates at temperatures up to 750°C