An increase in solar and wind energy results in more instances of negative electricity prices, reducing the incentive and slowing further investment in carbon-neutral energy production.
To mitigate the effects of climate change, it’s crucial that we accelerate, not decelerate, the transition. This underscores the pressing need for a cheap energy storage system. Such system would charge during periods of low or even negative electricity prices, typically in the summer, and discharge when prices peak, usually in the winter. We have pioneered this solution and are in search of collaborators globally to grasp this chance and join the transformative wave in renewable energy storage. This not only aids in the shift away from fossil fuels but also ensures that the transition is economically viable.
Contact us at:
Email: info@teraWh.com
Phone: +49 1515 92 626 44
Address: Graf-Stadion-Str. 3, 74389 Cleebronn, Germany
The system, which is an electro-thermal energy storage, uses probes to inject and extract thermal energy. Our unique patent-pending technology allows generating electricity without the need for costly heat exchangers and pumps. In addition, charging losses are minimized by using electrical heating elements placed directly inside the probes.
Depending on the size of the system, its energy losses can be kept below 5% over a year. The larger the system, the lower the losses due to the favorable volume/surface ratio.
This facility can be constructed in any location, even on the premises of decommissioned coal or nuclear power plants, by utilizing the existing infrastructure. The effectiveness of the system is contingent on the type of steam turbine employed, with efficiency typically falling within the 40-45% range. If the facility is situated in close proximity to urban areas, the total efficiency could be enhanced by harnessing the waste heat generated during electricity production for district heating. The system could be designed to provide heat only, for example, for industrial use.
For more details, please do not hesitate to contact us.
The world is increasing electricity generation from renewable sources like photovoltaic and wind, however according to ourworldindata.org the consumptions of fossil fuel in the world is still on the rise:
It is crucial to reverse the current trend, and energy storage plays a pivotal role in achieving this goal. As of July 2, 2024, Germany purchases natural gas at approximately 3.4 cents per kilowatt-hour (kWh). However, during the first half of 2024, there were already 666 hours when electricity in Germany was even cheaper, averaging just 0.3 cents per kWh. Remarkably, this price is significantly lower than the cost of natural gas before the Russian invasion.
The renewable energy stored during these periods of low electricity prices can serve as a valuable resource for replacing fossil fuels in electricity production, and unlike costly and energy-intensive hydrogen solutions, our system offers a more economical and efficient pathway to a clean energy future. As renewable energy sources continue to grow, the gap between the lowest and highest electricity prices will widen, making energy storage increasingly lucrative.
For those who take advantage of the negative pricing to charge their energy storage systems, there’s an opportunity for profit from both the charging and discharging processes.
Your contribution can make a significant difference in our mission to protect our planet. You do not have to wait for large energy storage systems to be available, you can be part of the transformation by installing solar panels on your own. In Germany you do not even need to own a house, you can install them on your balcony on your own without any help from an electrician. If you already have done so, congratulations, you saved a lot of CO2 for our planet. Second step would be to support us in building the first profitable energy storage. You can do so by disseminating information about our initiatives, creating videos or podcasts, and engaging in conversations with your friends and family about our cause. Your involvement is greatly appreciated. The more interest we receive, the higher the chances of quick progress towards emission free energy.