Gravitricity Ltd

About

Gravitricity Ltd is an energy storage company based in Edinburgh, United Kingdom, founded in 2011 by Peter Fraenkel MBE and Martin Wright. The company specializes in developing renewable energy storage solutions, particularly through gravity-based systems and underground hydrogen storage technologies. Gravitricity aims to provide alternatives to traditional battery systems by leveraging gravity for energy storage, which can be deployed in various locations, including decommissioned mine sites. In 2021, Gravitricity successfully built and operated a 250kW grid-connected gravity energy storage demonstrator project at the Port of Leith, showcasing the feasibility of its technology. The company has raised approximately $7.19 million in funding from various investors, including Ofgem and the UK Government's Department of Business, Energy & Industrial Strategy. Gravitricity is committed to supporting the renewable energy sector by offering stable and reliable energy storage solutions that contribute to grid stabilization.