Gravity Power
Harnessing gravity for grid-scale energy storage.
About the Company
Gravity Power is a DeepTech company developing a novel solution for utility-scale energy storage. Their technology, the Gravity Power Module, functions like a large, underground pumped hydro system. It uses a massive piston in a water-filled shaft to store and release energy, offering a long-duration, low-cost, and environmentally friendly alternative to traditional batteries.
The concept for Gravity Power was developed by a team of engineers and energy experts, led by Jim Fiske. They identified a critical gap in the renewable energy transition: the need for efficient, long-duration energy storage to balance the intermittency of wind and solar power. Inspired by the simple physics of pumped hydro, they engineered a more compact, scalable, and geographically flexible solution using the power of gravity.
Gravity Power is in the advanced stages of development and has been financed through private investments and strategic partnerships. The company has also pursued funding through community-focused platforms like StartEngine to allow individual investors to participate in its capital-intensive development phase. The goal is to raise the necessary funds to construct and operate the first commercial-scale demonstration plant.
The company's most recent funding round on StartEngine carried a valuation of **$25 million**.