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RheEnergise
Pumped energy storage
- 21-100 employees
- B2C
- B2B
- Energy
- Sustainability
- Manufacturing
- Environmental
- City of London, London, UK
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Company mission
To bring fresh innovation to the world’s dominant form of storage: pumped hydro storage.
Our take
It is generally accepted that we are in the height of a climate crisis, and large foundational changes need to be made to our everyday systems in order for us to mitigate the impact of this. This is what RheEnergise believes it can contribute to with its energy storage solution, known as High-Density Hydro.
While hydro storage solutions do exist widely today, RheEnergise's systems can be put into smaller hills rather than large mountains, as the fluid it uses is 2.5x denser than water meaning it can carry 2.5x more energy, making it more widely applicable. The company also takes pride in the fact that HD Hydro is a much more cost-effective energy storage solution, offering the greatest flexibility to the power grid.
RheEnergise is in a market where the scale of opportunity is growing massively - BloombergNEF predicted the energy storage market to be worth $620B by 2040, whilst Wood Mackenzie forecast a need for 1TWh of energy storage by 2030. The company has already done an extensive survey as to where its product could be implemented, and with little direct competition and encouraging funding, it’ll be exciting to see what it does next.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Flexible working. We trust you to do your job and will try and accommodate your needs as best we can.
- Bright, airy office space right next to Hampstead Heath
Company values
- Diversity
- Hardwork
- Passion to combat climate change
Funding (1 round)
Dec 2022
$0.3m
GRANT
Total funding: $0.3m
Leadership
Stephen Crosher
(CEO)Previously worked as CCO for X-Wind Power Limited & MD for Fleet Renewables. Co-founded RheEnergise in 2019.