This company develops, owns, and operates a portfolio of grid-scale Battery Energy Storage Systems (BESS). They provide instant access to flexible capacity on demand for utilities, grid operators, and power traders. Their platform enables the buying and selling of flexibility products to balance supply and demand in the power system.
Funding
$105.1M 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.
ENVRPFounders
Product
Problem
Fluctuating renewable energy sources and increasing demand from electric vehicles and industrial processes create instability in energy supply, straining power grids and requiring flexible capacity to balance supply and demand. There is currently insufficient flexibility in the power system to accommodate these fluctuations.
Solution
Terralayr develops, owns, and operates grid-scale battery energy storage systems (BESS) to provide flexible capacity for utilities, grid operators, power traders, and aggregators. The company offers a platform where flexible capacity and products can be bought and sold on demand, addressing the growing instability in the energy market. By harnessing battery storage, Terralayr aims to ensure a continuous and sustainable power supply, paving the way for a future fueled entirely by renewables.
Target Audience
Terralayr's primary customers include utilities, grid operators, power traders, and aggregators who require flexible capacity to manage energy supply and demand. The company also targets BESS investors and project partners.
Features
- Grid-scale battery energy storage systems (BESS) development and operation
- Flexibility platform for on-demand buying and selling of flexible capacity and products