The startup provides utility-scale battery energy storage systems that enable the integration of renewable energy sources into the power grid. This technology ensures a reliable electricity supply by storing excess energy generated during peak production times for use during periods of high demand or low generation.
Funding
$125M 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 wind and solar introduces instability to power grids, as their output fluctuates based on weather conditions. This variability can lead to power supply disruptions and grid imbalances if not effectively managed.
Solution
Voltwise develops, constructs, and operates grid-scale Battery Energy Storage Systems (BESS) to stabilize power grids and facilitate the integration of renewable energy. These BESS projects store excess energy generated during periods of high renewable energy production and discharge it during periods of low production or high demand, ensuring a reliable electricity supply. Voltwise utilizes a data-driven approach to optimize the acquisition, development, construction, and operation of its BESS projects. The company aims to accelerate the energy transition by scaling and improving the operation of BESS assets.
Target Audience
Voltwise serves grid operators, utilities, landowners, and other stakeholders involved in the energy transition in Europe, particularly in the UK and Germany.
Features
- Utility-scale battery energy storage systems (BESS) for grid stabilization
- Data-driven approach to BESS project acquisition, development, and operation
- Focus on lithium-ion battery technology
- Full life revenue models for batteries in core markets
- Expertise in development, construction, and optimization of BESS assets