Cheesecake Energy is developing the eTanker system, which utilizes thermal energy storage and compressed air to provide medium to long-duration energy storage at costs 30-40% lower than traditional batteries. This technology enables the reliable integration of renewable energy sources, such as wind and solar, into the power grid, addressing the challenge of energy intermittency.
Funding
$5.7M 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.
AFounders
Product
Problem
The intermittent nature of renewable energy sources like wind and solar power creates challenges in maintaining a stable and reliable electricity supply. Traditional energy storage solutions, such as batteries, can be expensive, have limited lifespans, and may rely on hazardous materials.
Solution
Cheesecake Energy addresses these issues with its eTanker system, a medium- to long-duration energy storage solution that utilizes thermal energy storage and compressed air. This approach significantly reduces costs compared to conventional battery systems by repurposing durable, readily available industrial components. The eTanker system facilitates the integration of renewable energy sources into the power grid, providing a reliable and on-demand power supply. The system offers a long operational life, is environmentally friendly, and is fully recyclable, making it a sustainable alternative to traditional energy storage methods. The eTanker technology also enables up to 4x charging capability from the same grid connection, reducing infrastructure costs.
Target Audience
The primary target audience includes renewable energy generators, microgrid operators, heavy industry companies seeking to reduce their carbon footprint, and electric vehicle charging infrastructure providers.
Features
- Thermal energy storage combined with compressed air technology
- Lower cost compared to traditional battery storage systems
- Long operational lifetime (25+ years)
- Environmentally friendly and fully recyclable design
- Integration of proven industrial components from existing automotive, oil, and gas supply chains
- Up to 4x charging capability from the same grid connection