Energy storage start-up Gravitricity has appointed corporate finance firm Gneiss Energy to spearhead a £40m funding drive – with the goal of building three demonstrator projects in the next five years.
Earlier this year the Edinburgh-based company unveiled its H2 FlexiStore hydrogen storage technology as a new product alongside its existing gravity-based technologies.
It is already planning a full-scale demonstrator project in a former mine in the Czech Republic, as well as a purpose-built new shaft scheme in northern England.
