Our vision
Vision
Fully renewable generation of electricity
We work to enable a complete transition to renewable energy and overcome the need for fossil fuels, as a way to mitigate the impact of climate change.
Managing the natural variability of renewable sources of energy, without resorting to back-up generation based on gas and coal, requires energy storage.
That's why we are creating high-efficiency storage devices, which minimize the amount of energy the infrastructure needs while smoothing daily variations of energy generation.
Our design provides energy storage with the highest reliability, to maximize revenues and minimize capital expenditure.
Goal
Prosperity through access to sustainable energy
Providing access to energy is the single most effective way to reduce poverty. Our business is all about facilitating that process in a sustainable way by enabling access to increasingly renewable energy. Our goal is to provide high-technology solutions which help to bring about better prosperity, inclusive business, local economic development, and increased resilience, capacity and well-being of our customers and other project beneficiaries.
We provide energy storage solutions which can help in stabilizing the natural intermittency of solar and wind energy and providing protection against power quality issues and power outages. Our engineering expertise and project development business help to optimize the functionality of the existing electric infrastructure.
Mission
Enabling sustainable energy value chain
Our proprietary technology and project business address the needs of the whole energy value chain, from power generation to transmission, distribution and consumption. We identify and analyse root causes of problems in energy systems and find solutions that are both technically and financially viable. We provide those solutions in ways that match local requirements and have a real positive impact on project beneficiaries, and we keep supporting our partners afterwards.
The energy value chain provides a backbone to the functionality of modern society. Teraloop’s mission is to help this backbone to perform in a cost-efficient and sustainable way.
Sustainability and Positive Impact
At Teraloop, we deliver a product for the long term, designing for a circular economy and
net-positive impact from the beginning. We are there to contribute to closing the loop for material usage and way of producing and storing energy.
This is the foundation and future legacy of our company.
As stated in our Business Integrity Policy and Corporate Social Responsibility Policy, our operations are based on following and promoting ethical and otherwise sustainable ways of conducting business.
With the possibility of operating underground combined with circularity of materials used and service contracts including end-of-life management, our energy storage system solutions present minimal visual and environmental footprint.
Our kinetic energy storage system provides the highest round-trip efficiency of all energy storage conversion processes.
Every watt counts to achieve a fully renewable energy system.
Business Integrity Policy
Teraloop is regulated by legal, ethical and technical frameworks. We are affected by policies and conventions.
Teraloop is committed to behavior and communication principles which are aligned with the ethical standards inscribed in our Code of Conduct.
Corporate Social Responsibility Policy
Teraloop was founded to conduct inherently responsible and sustainable business activities.
We aim to act responsibly, with integrity and taking into consideration the socio-economic and environmental context in which we operate, to show that developing a profitable and a inclusive business in a sustainable way is possible.
Designed by an international, multidisciplinary and motivated team
From the innovation hub of Finland's Aalto University, Teraloop has leveraged the knowledge and support of world leading experts, including renowned technology developers VTT.
Our growing team has members from more than 11 different countries, and holds complementary skills that can service the whole value chain.
We drive the development with a core engineering team, drawing expertise from leading consultants and manufacturers.
