RheEnergise is one of only a select handful of businesses to have been awarded grants under both the Sustainable Innovation Fund & the Small Business Research Initiative.
RheEnergise is bringing innovation to pumped energy storage and developing a technology that solves the many disadvantages of other competing energy storage and grid flexibility solutions. The awarded grants are supporting a feasibility study into a £1.6m demonstration project with full system functionality specifically designed for use with the RheEnergise high-technology fluid taking the extensive theoretical and practical learning to the next level. For further information see the IDTechEx report on Potential Stationary Energy Storage Technologies to Monitor.
The UK's Climate Change Committee states that energy storage is the key enabler necessary to achieve a net-zero carbon energy system however there is nowhere near enough energy storage for a zero-carbon energy system that includes transport, power and heat. Unlike traditional pumped hydro energy storage, RheEnergise's HD Hydro operates on small hills rather than mountains meaning there are infinitely more sites available for projects.
The Business Secretary Alok Sharma said: "The UK's response to coronavirus has demonstrated the very best of British ingenuity, and it is this resourcefulness that will help us navigate our way through this pandemic. Today's investment will ensure that our innovators and risk-takers can continue to scale up their ideas, helping the UK to build back better and ensure we meet our clear commitments on tackling climate change."
Innovate UK Executive Chair Dr Ian Campbell said: "In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy. RheEnergise's energy storage innovations, along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development."
Stephen Crosher, RheEnergise's CEO said: 'Society needs energy storage to match the intermittent supply of renewables with the variable demand by consumers. These awards by Innovate UK will make a significant difference to RheEnergise, to accelerate the time it takes to bring our High-Density Hydro innovations to market and our goal of developing the lowest cost energy storage solution available.'
RheEnergise's High-Density Hydro™ energy storage solution offers the opportunity for massive growth in new low cost, clean and green renewable energy, bringing lifetime energy abundance to future generations.
RheEnergise has developed an innovative solution called High-Density Hydro ™. HD Hydro ™ uses our proprietary HD Fluid R-19 ™, which has 2.5x the density of water. R-19 gives RheEnergise projects 2.5x the power and 2.5x the energy when compared to water.
RheEnergise projects provide 10MW to 50MW power and 2 to 10 hours of storage capacity. Other HD Hydro advantages include:
- Projects can be installed on hills 2.5x lower than a project using water and still achieve the same power - for example, there are so many more hills at 150m than at 375m.
- 2.5x smaller, by volume, meaning dramatically lower construction costs, faster build times, easier reinstatement and easier landscaping - projects can be entirely hidden.
RheEnergise solves the many disadvantages with other competing energy storage and grid flexibility solutions:
- Land use and construction times are comparable to both gas-peaking plants and Lithium-Ion battery projects and significantly shorter than the decade long construction associated with traditional pumped hydro.
- The CO2 immersions and pollution associated with both gas and diesel projects, and the end-of-life liabilities associated with batteries.
- The social and environmental issues associated with traditional pumped hydro of flooding valleys.
Innovate UK, as part of UK Research and Innovation, is investing up to £191 million to fund single and collaborative research and development projects as part of the Sustainable Innovation Fund over the next two years. The aim of these competitions is to help all sectors of the UK rebuild after the effects of COVID-19. The Sustainable Innovation Fund is funding 1,103 projects, 1069 UK businesses and totalling over £130 million in support across the UK.