Company Performance Metrics
- Jeff Draper: CFO and Co-Founder
- Mark Howitt: CTO and Co-Founder
Storelectric Ltd is a developer of projects using two highly efficient forms of Compressed Air Energy Storage (CAES) using existing technologies, at a grid scale, efficiently and cost-effectively. Both Storelectric’s CAES systems offer the ability not only to generate electricity but also store it when there is excess, to respond to intermittency
issues and to provide ancillary services to the grid. When there is surplus electricity on the grid, Storelectric’s CAES uses it to compress air to around 70 bar pressure, also storing the heat. When electricity is required, air and heat are released through turbines to generate it. Power rating of storage, power rating of discharge and amount of energy stored are all independent variables in the design of these plants, enabling it to be optimised for baseload, fast response, interconnection, wind farm management and many other load cases.
