Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- TerraStor is an independent energy storage provider reinventing the electrical grid by solving difficult technological problems to create low-cost, highly-responsive, extra-long duration, grid-scale energy storage for a 24/7 carbon-free energy future.
They develop highly efficient advanced compressed air energy storage (ACAES) systems. ACAES systems are large, mechanical batteries that:
- Charge by compressing air during periods of high electricity production and low demand
- Store the compressed air until needed in an underground reservoir, such as a repurposed natural gas field or salt cavern
- Discharge the compressed air through a turbine to run an electric generator when electricity is in high demand
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