UK-based Gravitricity will begin with pilot demonstration of its gravity energy storage systems in India as it eyes broader deployment in the long term.
Gravitricity, the Edinburgh-based company looking to build an energy storage project in a disused mineshaft, has secured support from the European Investment Bank (EIB).
The EU’s European Investment Bank has pledged support for a long-duration thermal energy storage project and a gravity-based energy storage demonstration project.