CORDIS Project
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Teraloop has developed a kinetic energy storage system that utilizes flywheel technology for grid-scale applications. This innovative solution aims to enhance the efficiency of renewable energy use and provide reliable energy storage without significant environmental impact.
Electrical energy storage (EES) is a fundamental enabler to the deployment of renewable energy and provides cost-savings in other markets.
The market is projected to grow from 1.1 GW in 2016 to 21.6 GW in 2025.
Pumped hydroelectric storage (PHS) accounts for 98% of global energy storage, however they are geographically limited, environmentally impactful and require huge upfront costs.
Other state-of-the-art solutions available in the market i.e. batteries for EES cannot scale-up to meet the dema…
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