Teraloop is a grid-scale energy storage system that provides an alternative to electro-chemical batteries. Operating in synergy with renewable generation assets, balancing the natural variation of supply and demand, we enable fully renewable generation of electricity.
Benefits to customers
New markets for storage in energy intensive industries
We simplify capital-expenditure decision making
Lower total cost of storage throughput
Benefits to society
Designed for a Circular Economy
Storage accelerates our renewable future
In our present energy systems, variation of supply and demand is balanced using fossil-fuel generation.
In our sustainable future, energy storage will replace Gas and Coal power plants, smoothing the natural variation of a grid powered by fully-renewable energy.
Teraloop is a team of engineering experts dedicated to solving the energy storage challenge, focusing on a new generation of Kinetic Energy Storage Systems.
It takes a special team to challenge what is considered possible.
From the innovation hub of Finland's Aalto University, Teraloop have leveraged the knowledge and support of world leading experts, including renowned technology developers VTT.
We drive the development with a core engineering team, drawing expertise from leading consultants and manufacturers.
The development of lithium-ion batteries, primarily suited to transport applications, has provided a starting point for stationary energy storage.
Recognising a need for sustainable energy storage systems, together with many unmet industrial applications, the founders of Teraloop sought to address the energy storage challenge.
In 2017/18, with the support of Yaskawa Electric Corporation, we have completed the construction of an industrial prototype. Its purpose is to demonstrate the system functionality and to prove the design for scaling to higher energy capacities.
Yaskawa Electric Corporation completed a strategic investment in Teraloop during March 2017. This equity investment enabled Teraloop to accelerate the steps needed to bring its storage solution to the market; the financing allowing the prototype to be finalised for a complete simulation in commercial working conditions. The full details can be read here.
Thinking Circular are actively supporting Teraloop, enlarging our business network, and helping to develop "pilot" and commercialization activities.
Finnish research agency VTT provided feasibility assessment and design guidance for the Teraloop concept. We continue to work with VTT on projects that support the advancement of energy storage technology.
Pöyry PLC performed a technical audit of our concept, and will accompany us throughout the delivery of our development phases.
Business Finland have provided invaluable support for both matched-funding and business network development, both locally and overseas.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 816728