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#Climate Change #Sustainability #Energy
TechCrunch
TechCrunch
8h ago 6 views

Exclusive: One startup’s quest to store electricity in the ocean

Sizable Energy has raised $8 million to develop a novel pumped-storage hydropower system in the ocean, addressing the need for scalable renewable energy storage. This innovation is crucial as traditional methods struggle to keep pace with increasing renewable energy demands.
Exclusive: One startup’s quest to store electricity in the ocean
A What happened
Sizable Energy, co-founded by Manuele Aufiero, is pioneering a new approach to energy storage by adapting pumped-storage hydropower technology for ocean use. The startup recently raised $8 million in funding to develop a system featuring two flexible reservoirs—one floating and one submerged—connected by turbines. This innovative design allows for the storage of energy by pumping super salty water from the seabed to the surface when electricity is cheap. When energy is needed, the heavier salty water flows back down, generating electricity. This method aims to streamline production and reduce costs, potentially delivering energy storage at €20 per kilowatt-hour, significantly cheaper than traditional grid-scale batteries. Sizable plans to deploy several commercial projects by 2026, enhancing the resilience of energy grids and supporting the integration of renewable energy sources.

Key insights

  • 1

    Innovative Energy Storage

    Sizable Energy's ocean-based system could transform energy storage capabilities.

  • 2

    Cost Efficiency

    The technology aims to provide energy storage at a fraction of current costs.

  • 3

    Scalability

    Offshore deployment allows for mass production and easier implementation.

Takeaways

Sizable Energy's innovative approach to pumped-storage hydropower in the ocean represents a significant advancement in renewable energy storage, addressing the urgent need for scalable solutions as global energy demands rise.