In this series of articles, we introduce the companies included in the OPEN Equity Fund portfolio, all of which have been selected not only for their promising business plans and potential earnings but also for their sustainable, environmentally friendly products or technologies.
Catch Energy has designed and built a range of power storage systems to work with solar PV and other renewable energy sources and in tandem with the grid network.
The company was formed in 2016 by a group of social entrepreneurs, electrical engineers and sustainability specialists with a common goal to provide better energy storage and thus help solve one of the main issues linked to renewable energy sources by ensuring power can be stored and transported.
Battery storage revolutionises how we use and interact with energy and has its uses both within a residential framework in conjunction with solar PV installations and in a wide range of commercial applications.
Storing energy allows for services such as demand shifting, fast frequency response and peak shaving, all of which has already led to massive growth in the market. Growth which is expected to have doubled six times by 2030.
Catch Energy’s proprietary battery, the Power Cell, concentrates a number of advantages over its competitors. It employs the most advanced cell chemistry, world leading inverters, charge controllers and software along with superior technology to make them safer, longer-lasting, more efficient and more versatile than other battery technologies currently on the market.
Three different energy storage solutions are available for domestic use: the Power Stack for lofts or difficult-to-access installations, the Power Tower for wall-mounted solutions or the Titan X which is fit underneath new PV panels when they are installed.
Cell blocks have 750MW capacity, are lightweight and modular so easy to install and can be used with new or existing solar arrays. They are linked to a smart hybrid inverter and come with technology that makes them easy to use and efficient.
Power Cells resist temperatures ranging between -20ºC and 55ºC, meaning they can be deployed virtually anywhere in the world. The technology employed avoids creation of thermal runaways, making them safe to transport, and also provides them with exceptional longevity – up to 400% longer life cycles than typical Lithium-Ion batteries.
Beside domestic solutions, the company also provides flexible, configurable and fully integrated turnkey solutions for the commercial market.
These key benefits allow the company to help combat renewables-associated supply concerns by making generated energy available for use when, and where, needed.
Visit OPEN Cleantech Equity Fund website for further information on the portfolio companies, as well as a host of related documents for download - factsheets, press releases, videos, term sheet, Listing Particulars, due diligence documents and more.