Terrament specializes in long-duration energy storage solutions through gravity batteries, which are deployed underground. Their innovative technology utilizes a modular design that aims to achieve efficiency, scalability, and cost-effectiveness compared to traditional energy storage systems. The gravity batteries leverage the fundamental physics of gravitational potential energy, allowing stored energy to be released when weighted modules descend deep into the earth.
Funding Details
Terrament is currently seeking its initial funding round, aiming to raise approximately $1 million to support the development of pilot projects and further technological advancements. The company has participated in various accelerator programs, including the Clean Energy Business Innovation Portal (CEBIP), which have been instrumental in providing support and connections for future funding opportunities.
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