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Insider UK
Insider UK
National
Peter A Walker

Scottish energy storage firm gets funding to explore Indian market

Scottish energy storage start-up Gravitricity has secured £194,00 from the UK Government to fund a demonstration site in India suitable for its technology.

The Edinburgh-based business has developed a storage system which works by raising heavy weights - totalling up to 12,000 tonnes - in a deep shaft and then releasing them when energy is required.

It could be ideally suited to India, which has set a target to instal more than 500GW of renewables by 2030, up from 100GW in 2021, to supply its fast-growing economy. This rapid increase in variable renewable generation - much of it solar - will bring with it a need for energy storage.

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