Energy Dome Launches First CO2 Battery Facility
Milan-based power storage leader Energy Dome announced that it has successfully launched its first CO2 Battery facility situated in Italy’s Sardinia.
June 10, 2022. By News Bureau
Milan-based power storage leader Energy Dome announced that it has successfully launched its first CO2 Battery facility situated in Italy’s Sardinia. This achievement marks the final de-risking of the CO2 Battery technology as Energy Dome enters the commercial scaling phase.
“I am proud of our dedicated team and of our results. We can now provide an answer to the most pressing issue of our time: climate change,” said Claudio Spadacini, Energy Dome, Founder and CEO. “Our breakthrough technology, the CO2 Battery, is now commercially available to make cost-effective renewable energy dispatchable on a global scale.”
The CO2 Batteries can be quickly deployed anywhere in the world at less than half the cost of similar-sized lithium-ion battery storage facilities, and use readily available materials, such as carbon dioxide, steel, and water.
The initial phase of operations has confirmed the performance of the CO2 Battery and its capability of storing energy for a long duration, all while maintaining highly competitive round-trip efficiency, without degradation or site dependency.
The company has already secured multiple commercial agreements, including with an Italian utility A2A for the construction of the first 20MW-5h facility.
Earlier this year, Energy Dome also signed a non-exclusive license agreement with Ansaldo Energia.
To fund the rapid commercial scale-up, Energy Dome plans to launch its Series B fundraising round for prospective investors interested in its groundbreaking energy storage technology.
European deep-tech venture capital firm 360 Capital, Barclays, Novum Capital Partners, and Third Derivative are some of the investors backing Energy Dome’s plan.
please contact: contact@energetica-india.net.