Company Website: https://neerg.energy
Company Email: contact@neerg.energy
Employees: 5
Funding State: Bootstrapped
Industries
- Environment & Energy (GreenTech, CleanTech)
Technology
- AI
- Blockchain
- Cleantech
- Hardware
- IoT
- Other
- Software
Business Model
- B2B
Revenue Model
- Marketplace/Brokerage
- Other
- SaaS
- Subscription
Funding Sources
- Loan
- Self
About
Intermittent renewable generation plus the rapid increase in electrification and electricity demand creates inefficiency and severe challenges to both the grid and end users. New technology applications are needed to cost-effectively upgrade and optimise the electrical grid, store energy, manage power quality and allow for the required end-user applications. Without them we won’t be able to transition to a carbon free energy network and avoid the ever-increasing blackouts that we witness today.
Solution & Product
Our solution offers a mixture of multiple energy storage solutions. Large and capable to manage any energy grid type or configuration but also versatile enough to enable accurate service offering at the lowest cost possible to our customers. Very long lifetime of over 25 years with minimum maintenance capable to virtually unlimited charge/discarge cycles with no restrictions on usage.
Innovation & Scalability
The innovation is focused on the energy management features of the technology and the capability of creating a modular installation with several of these units working together as one delivering services within 20ms. Built from the ground up with the focus on simplicity and low cost utilising only environmentally friendly fully recyclable materials without any chemicals or harmful substances reducing the carbon footprint to it's lowest possible while enabling other renewable technologies, future and existing to perform better. Can work in harmony with other energy storage technologies such as lithium batteries which luck the capability of fast response and multi cycles delivering a more complete suite of services to the end user.
Traction & achievements
The company has proven the technology and it's viability both technical but also commercially having secured a series of pilot projects with the main Greek Energy Utility company and the local distribution network operator.
Team & Why Us
The team has been working together and in the sector for the last ten years. Each and every member has an individually impressive business record but combined work in harmony and able to deliver on any challenges that the company had faced and is going to face. Strong and resilient.
Funding Needs
The company requires an initial investment of 25m Euro. Further details after first contact.
Large Scale energy storage and balancing services facilitator