31 December 2018
The market of renewable energies, such as photovoltaic and wind power, risks losing its value if adequate storage systems are not designed that are able to store the energy produced, balancing the daily and seasonal fluctuations of these sources.
Green Energy Storage solves this problem thanks to thepatented invention of flow batteries with an organic storage system based on quinone, a molecule extracted from plants and oil waste.
The market for storage systems is very valuable, so much so that it represents one of the main global trends, with an estimated value of between $200 and $400 billion by 2022.
In this fast growing market, Europe represents the most important slice, with about 32%, for an estimated figure between 80 and 160 billion $.(McKinsey data).
Shifting the time horizon to the next 20 years, a recent Bloomberg market research study estimates the global market to be $1.5 trillion by 2040.
In order for green energy to become predominant over traditional forms of energy and effectively counteract ongoing climate change, it needs to be cheaper and more efficient.
In fact, in this vicious circle, the scarce presence and efficiency of storage systems does not allow for the optimization of the energy produced by renewable sources and therefore slows down their diffusion.
Green Energy Store flow batteries allow to achieve energy efficiency at low costs and are crucial to meet the global targets set at the Paris Conference on climate change: 50% reduction of carbon dioxide by 2030 and up to 90% by 2050.
Even Bill Gates has cited flow batteries as one of the main future trends to overcome the challenge of climate change.
The tycoon is one of the co-founders of Breakthrough Energy, a billion-dollar investment fund that aims to finance innovations that make it easier and faster to use clean energy.
This is the second collection on Mamacrowd for Green Energy Storage: the first campaign in 2017 raised an impressive €1 million and today after just 15 days it has already raised more than €800,000.
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** Directive 97/9/EC of the European Parliament and of the Council on investor-compensation schemes.
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