Sumitomo backs UK cryobattery developer in $46m deal: Page 2 of 2

February 26, 2020 //By Nick Flaherty
A $46m investment in Highview Power will see Sumitomo taking cryobattery technology global
A $46m investment in Highview Power will see Sumitomo taking its cryobattery technology global
the United States,” he said.

The cryobattery cleans and compresses air using excess energy from renewable sources and stored at -196ºC. When electricity is in high demand, the pressurized gas is allowed to warm, turning a turbine as it expands and thus generating energy that can be used at peak times when the sun is not shining and the wind is not blowing. This can deliver power at a cost of approximately half of the current cost of traditional lithium-ion batteries, says Highview Power.

www.highviewpower.com

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