Angels back energy storage firm

A PRESTON firm that specialises in electricity storage technology has secured an angel investment worth £125,000 to pursue a pioneering project.

Storelectric uses a form of Compressed Air Energy Storage (CAES) and is working on a 40MW pilot plant in salt caverns that will be able to store national grid energy.

It also wants to use some of the money to secure intellectual property.

The business has already identified eight caverns that would be suitable. If the pilot is successful, Storelectric is planning to dev... For the full story register now for free or login below...