Funding The Energy Transition - A Case Study

A British startup that is developing a heat storage system looks to be set to advance the technology readiness level (TRL) of its system. The system heats a heat core made of recycled aluminum and volcanic rocks using electricity collected from solar panels. The heat core is stored in an insulated vacuum vessel and used, on-demand, to flash water to steam for use in industrial processes.

The use of recycled materials to convert solar energy to on-demand energy is an excellent example of home-grown innovation that could tackle one of the big issues with renewal energy in the UK, volatility. When the sun is not shining and the wind is not blowing, where does renewal energy come from in the UK? And when it is sunny and windy what do we do with the excess electricity that the grid may not be able to manage? Storing energy for future use is an obvious solution, but huge battery farms currently face global supply chain issues. However, besides the technology,