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Birmingham Post
Birmingham Post
Technology
Tom Pegden

Cheesecake Energy tech – which stores energy in form of high pressure air and heat – secures £3.5m of funding

BGF CEL

A tech firm which has developed a low cost way of storing energy in the form of heat and compressed air has secured multi-million pound backing.

Nottingham-based Cheesecake Energy (CEL) has raised £3.5 million from UK and Ireland investor BGF, with support from Perivoli Innovations and private investors including former Jaguar chair Sir John Egan.

The funds will be used to grow the Cheesecake team, pilot the company’s technology, and build partnerships with potential manufacturing and distribution partners around the world.

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