This article showcases 10 new grid energy storage companies offering cutting-edge technologies for niche applications. They develop scalable energy generation systems, grid-connected batteries, mechanical energy storage systems, and more. These solutions enable independent power producers and utilities to optimize grid stability, energy preservation, and power distribution. Each company thus augments renewable energy integration and ensures uninterrupted power supply. This report was last updated 5 days ago. Spot an error or missing detail? Help us fix it by getting in touch!
Continue reading to gain up-to-date and data-driven insights on:
- Profiles of 10 Emerging Grid-Scale Energy Storage Companies
- How to Scout New Grid Energy Storage Companies Easily
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the grid-scale energy storage industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Current Grid Energy Storage Trends: The latest trends in grid energy storage are lithium-ion batteries, flow batteries, flywheel storage, thermal batteries, and compressed air storage.
- Grid Energy Storage Industry Stats: The sector comprises 3K+ organizations worldwide. Out of these, 600+ new grid storage companies were founded in the last five years, witnessing 2020 as the average founding year. On average, each of these companies employs about 15 people. Moreover, the average funding received by these 600+ grid energy storage energy companies per round in the same span is USD 60.7 million.
- 10 New Grid Energy Storage Companies to Watch:
- Terra One – Containerized Battery Storage
- GridStor – Large-Scale Battery Energy Storage
- Wayside – Immersion-Cooled Battery Storage
- Flexion Energy – Grid-Connected Battery Storage
- CapyBara Energy – Long-Duration Energy Storage
- Fourth Power – Thermal Battery Storage
- Falcon Flywheels – Flywheel Storage
- STOREPOWER – Compressed Air Energy Storage (CAES)
- Luquos Energy – Flow Battery
- Hyme – Molten Salt Storage
Discover 10 out of 600+ Emerging Grid Energy Storage Companies
In this section, we highlight 10 pioneering companies in the grid-scale energy storage sector. These firms focus on grid storage solutions like grid-connected batteries, compressed air energy storage, molten salt storage, and more. They utilize artificial intelligence, advanced algorithms, sensors, and simulation techniques to enhance energy storage efficiency, reliability, and integration with existing grids. Explore these innovative solutions and technologies advancing the energy industry.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Terra One
- Founding Year: 2021
- Employee Range: 11-50
- Location: Germany
- Signal Strength: Medium
- What they do: Terra One develops grid-scale battery storage that enhances renewable energy infrastructure. Its proprietary platform facilitates battery storage site development, construction, and operation. The platform also orchestrates optimal battery charging and discharging to address renewable energy supply peaks and demands. The solution enables the precise control and optimization of storage units while maximizing efficiency and market responsiveness. Beneficiaries of the platform include grid operators and renewable energy developers. They are able to stabilize the grid and enhance the viability of wind and solar projects with Terra One’s platform.
2. GridStor
- Founding Year: 2022
- Employee Range: 11-50
- Location: USA
- Signal Strength: Weak
- What they do: GridStor integrates large-scale battery energy storage into the electric grid. The company’s energy storage systems provide grid flexibility and increase reliance on renewable sources like solar, wind, and hydropower. By storing electricity during low-demand periods and releasing it when demand peaks, Gridstor cuts energy costs and enhances grid resilience against extreme weather and other disruptions. The company’s approach thus enhances decarbonization efforts in the energy sector by leveraging batteries for a more flexible, responsive, and clean energy grid.
3. Wayside
- Founding Year: 2021
- Employee Range: 2-10
- Location: USA
- Signal Strength: Strong
- What they do: Wayside offers Wayside Pulse, an immersion-cooled battery energy storage system. This technology utilizes an immersion cooling approach to increase safety, efficiency, and manufacturability. It also reduces thermal runaway fire risk as well as employs a non-toxic and non-conductive coolant to ensure operational and environmental safety. The immersion cooling technique extends battery lifecycles and every component in Wayside Pulse is fully submerged, optimizing thermal management and performance. This offers an efficient solution for energy storage projects, catering to the needs of utility providers and renewable energy developers.
4. Flexion Energy
- Founding Year: 2020
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: Flexion Energy specializes in utility-scale energy storage. It leverages a grid-connected battery solution to reduce grid volatility and system imbalance by charging during low demand and discharging when demand peaks. This improves electricity network capacity management and financial returns. The company’s solution thus accelerates the transition to a low-carbon economy, addressing renewable generation’s intermittent nature and rising electricity demand.
5. CapyBara Energy
- Founding Year: 2023
- Employee Range: 2-10
- Location: USA
- Signal Strength: Weak
- What they do: CapyBara Energy provides an aqueous supercapacitor technology to address the intermittency of renewable energy. The company’s long-duration energy storage (LDES) utilizes waste carbon as the active material and stores energy for up to 100 hours. This ensures a consistent power supply and simplifies the integration of renewable energy into the grid, thus finding applications in power backup and grid stabilization.
6. Fourth Power
- Founding Year: 2021
- Employee Range: 2-10
- Location: USA
- Signal Strength: Strong
- What they do: Fourth Power develops a thermal battery technology that stores excess renewable energy as heat. It utilizes liquid tin pumped through a closed-loop graphite plumbing system, with thermophotovoltaic (TPV) cells converting emitted light into electricity. The battery technology reaches temperatures up to 2400 degrees Celsius and features high energy density and efficiency. The scalable design further allows for the adaptation to short-duration and long-duration energy storage needs, ranging from 5 to 500 hours. Flexibility in operation offers grid operators precise control over energy disbursement while mitigating risks of thermal runaway or explosion.
7. Falcon Flywheels
- Founding Year: 2023
- Employee Range: 2-10
- Location: UK
- Signal Strength: Medium
- What they do: Falcon Flywheels provides a flywheel-based energy storage that offers grid-scale peak power and storage capacity. It features modular arrays that provide multi-megawatt, multi-hour discharge capacity. The technology also leverages magnetic bearings to enhance storage time, decrease cooling needs, and minimize maintenance, while inertia-optimized rotors balance speed, inertia, and costs efficiently. Moreover, these flywheels comply fully with grid and distribution network codes and their vacuum housing maximizes efficiency and reduces vibration by eliminating air resistance. The technology features a long lifespan, surpassing traditional battery storage, and incorporates robust safety measures like fail-safe bearings and secure converter housing. Therefore, the company’s solution is a sustainable and efficient energy solution for grid operators and energy storage developers.
8. STOREPOWER
- Founding Year: 2021
- Employee Range: 2-10
- Location: China
- Signal Strength: Medium Strong
- What they do: STOREPOWER offers a compressed air energy storage system. Using a scalable, modular design housed in freight containers, the system combines small-scale gas storage cylinders, high-tech compressors, turbine generators, and an intelligent control system. This serves to utility-scale applications, private businesses seeking energy independence, and remote off-grid projects. Additionally, StorePower’s CAES technology assists in grid stabilization and functions as an energy protection solution for data centers and production lines with high energy demand.
9. Luquos Energy
- Founding Year: 2020
- Employee Range: 2-10
- Location: Hong Kong
- Signal Strength: Strong
- What they do: Luquos Energy makes flow batteries that leverage aqueous electrolytes and earth-abundant elements to bridge the gap between intermittent renewable resources and consistent energy demands. The company’s technology offers a safe, scalable, and environmentally friendly energy storage solution. Unlike Li-ion batteries, Luquos Energy’s flow batteries are scalable for large systems as they have a longer cycle life and no limitations on discharge time. This technology supports a range of applications, from enhancing renewable energy storage and microgrid capabilities to providing uninterrupted power supplies for critical infrastructure. Additionally, it supports EV solar chargers and power grids for electricity transmission. This battery technology, in this way, benefits utility providers, businesses seeking sustainable energy solutions, and communities aiming for energy independence.
10. Hyme
- Founding Year: 2021
- Employee Range: 11-50
- Location: Denmark
- Signal Strength: Very Strong
- What they do: Hyme develops a thermal energy storage solution to enable on-demand renewable power and heat. It utilizes sodium hydroxide (molten salt) for improved thermal properties, enabling more efficient and compact storage systems. By converting renewable energy into heat, Hyme supports large-scale decarbonization. The company’s solution stores heat at high temperatures for several days and supports flexible dispatch of heat and power with capacities in the GWh range. Industries and utilities benefit from Hyme’s cost-competitive pathway for transitioning to sustainable energy.
Quick Tip to Find New Grid Energy Storage Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new grid energy storage companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying grid energy storage innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the grid energy storage industry. The platform keeps you informed with near real-time updates on emerging grid energy storage solutions and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the grid energy storage sector, such as long-duration energy storage, thermal battery storage, or flow battery energy storage. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Grid Energy Storage Companies?
This overview highlights just a few grid energy storage solutions from all 600+ new companies currently covered by the Discovery Platform. To explore them all, book a personalized demo or download one of our free Industry Innovation Reports for a quick overview. Interested in enhancing our coverage of startups and tech? We value insights from experts like you – reach out!
