This startup develops advanced flywheel energy storage systems designed for large-scale, grid-level applications. Their technology provides efficient and reliable bulk energy storage, helping to stabilize electric grids and integrate renewable energy sources.
Funding
$3.8M 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.
WFounders
Product
Problem
The increasing reliance on renewable energy sources like solar and wind introduces intermittency challenges to the electric grid. Existing energy storage solutions often lack the scalability, cost-effectiveness, safety, and longevity required to fully transition to a fossil fuel-free energy system.
Solution
Qnetic provides a flywheel energy storage system (FESS) designed for grid-scale applications, offering a high-capacity, long-duration alternative to traditional energy storage methods. The Qnetic battery stores energy mechanically using a lightweight, high-strength fiber rotor suspended by novel levitation bearings, minimizing friction and wear. These systems can be connected in arrays to form grid-scale storage with unlimited capacity and power, enabling the integration of renewable energy sources by storing energy during periods of excess generation and delivering it during peak demand. The design allows for underground installation, enhancing safety and minimizing visual impact.
Target Audience
The primary target audience includes utility companies, grid operators, and renewable energy project developers seeking scalable, long-duration energy storage solutions to stabilize the grid and integrate renewable energy sources.
Features
- 1 MWh energy capacity per unit
- 250 kW power output
- 4-12 hour discharge duration
- >85% round-trip efficiency
- 22,000 lifetime cycles
- Lightweight rotor made from high-strength fibers
- Novel levitation bearings for frictionless operation
- Modular design for scalable grid-scale arrays
- Underground installation for enhanced safety and minimal visual impact