Qnetic Corporation
Qnetic's energy storage will enable the sustainable energy revolution. Our new flywheel-based technology is the world's best energy storage: low-cost, long-discharge and long-life, making it ideally suited to 'daily energy shifting'. Qnetic is solving the problem of intermittency of renewables energy sources—solar and wind power—by providing an energy storage solution based on new flywheel technology. It works by taking in energy from renewable sources when it is available—solar in the day and wind at night—and discharging it at peak consumer demand during the daily cycle. This is called daily energy shifting and Qnetic is designed specifically for this. Qnetic's energy capacity is a ground-breaking 2,000kWh. Qnetic is projected to have a levelised cost of storage (LCOS) 38% cheaper than Li-ion for the energy shifting application, even allowing for Li-ion's assumed cost declines by 2030. This is thanks to its low capex, low opex, long-life of 15,000 cycles, and high efficiency, making it a very compelling storage solution for electric grids. United around the mission to enable the transition our civilisation to sustainable energy and the end of fossil fuels is a powerhouse of experts in engineering, design, supply chain and business strategy. The market for stationary energy storage is in exponential growth over the coming decade, doubling every three years (30% CAGR). The need to stop burning fossil fuels is so extreme that many technologies will be needed to enable the transition. We believe that Li-ion batteries are not the ideal stationary storage technology due to their technical limitations and extremely high demand in other sectors like transport. Qnetic is currently in the design and development phase with small and large-scale prototypes planned before pilot facilities comprising many Qnetic connected and working together as a grid-scale battery.
Company Overview
Qnetic's energy storage will enable the sustainable energy revolution. Our new flywheel-based technology is the world's best energy storage: low-cost, long-discharge and long-life, making it ideally suited to 'daily energy shifting'.
Qnetic is solving the problem of intermittency of renewables energy sources—solar and wind power—by providing an energy storage solution based on new flywheel technology. It works by taking in energy from renewable sources when it is available—solar in the day and wind at night—and discharging it at peak consumer demand during the daily cycle. This is called daily energy shifting and Qnetic is designed specifically for this. Qnetic's energy capacity is a ground-breaking 2,000kWh.
Qnetic is projected to have a levelised cost of storage (LCOS) 38% cheaper than Li-ion for the energy shifting application, even allowing for Li-ion's assumed cost declines by 2030. This is thanks to its low capex, low opex, long-life of 15,000 cycles, and high efficiency, making it a very compelling storage solution for electric grids.
United around the mission to enable the transition our civilisation to sustainable energy and the end of fossil fuels is a powerhouse of experts in engineering, design, supply chain and business strategy.
The market for stationary energy storage is in exponential growth over the coming decade, doubling every three years (30% CAGR). The need to stop burning fossil fuels is so extreme that many technologies will be needed to enable the transition. We believe that Li-ion batteries are not the ideal stationary storage technology due to their technical limitations and extremely high demand in other sectors like transport.
Qnetic is currently in the design and development phase with small and large-scale prototypes planned before pilot facilities comprising many Qnetic connected and working together as a grid-scale battery.
Products & Services
Qnetic flywheel energy storage system
Qnetic is an energy storage device for electric grids based on new flywheel technology. It is a mechanical battery that converts electrical energy into rotational kinetic energy and stores it as momentum in a spinning rotor. Key components are: - Spinning rotor to store the energy as momentum - Dual-function motor-generator to input/output electrical energy - Sophisticated magnetic levitation bearing system to support the rotor and minimise losses - Vacuum-sealed casing to minimise losses - External power conversion to connect Qnetic to electric grids Due to magnetic levitation bearings and a vacuum chamber, losses are very low, which preserves the stored energy. To discharge the energy as electricity again, the process is simply reversed. An unlimited number of Qnetic can be connected together to form a grid-scale battery that automatically responds to the grid according to its supply and demand. Key stats (per unit): - Huge 2,000kWh energy capacity - 4–12 hour discharge duration
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