Founded to capitalise on the opportunity of a lifetime, while accelerating society's decarbonisation. We're developing the next generation of energy storage technology.
Founder
Tim Hawkey (co-founder & CEO)
Our technology works by moving multiple thousand-tonne masses back and forth between the ocean floor and its surface over vertical distances of between 4 and 8km.This process leverages the depth of the ocean and gravitational potential to store energy with radically improved economics.The EnergyBank Mission: Radically improve the economics of energy storage, enabling the widespread adoption of renewables.EnergyBank is currently focussing on derisking the novel aspects of our technology. Long term we are chasing a $200b/yr segment of the energy storage market in 42 countries around the world.