Eelpower develops and operates large-scale grid-connected battery storage systems to enhance grid stability and balance supply and demand in a renewable energy landscape. By leveraging its extensive experience in energy storage and renewable technologies, Eelpower addresses the challenges posed by intermittent energy generation, facilitating a cost-effective transition to sustainable power in the UK.
Funding
$28.5M 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
The increasing reliance on intermittent renewable energy sources like solar and wind creates challenges for grid stability due to fluctuations in supply and demand. This intermittency can lead to imbalances, potentially causing grid instability and hindering the transition to a fully sustainable energy system.
Solution
Eelpower develops, owns, and operates large-scale, grid-connected battery storage systems designed to enhance grid stability and balance energy supply and demand. By deploying these systems, Eelpower addresses the challenges posed by the variable nature of renewable energy generation. The company's battery infrastructure helps to smooth out fluctuations, ensuring a more reliable and cost-effective transition to a renewable-powered grid. Eelpower partners with various stakeholders to build a UK-wide platform of large-scale grid-connected storage.
Target Audience
Eelpower's primary customers are grid operators, renewable energy developers, and other stakeholders involved in the UK's energy transition.
Features
- Large-scale grid-connected battery storage systems
- Focus on enhancing grid stability in a high-renewables environment
- Balancing of supply and demand from intermittent generation
- Partnerships with developers, landowners, manufacturers, contractors, market traders, and funders