Transizione ecologica: 11 startup che possono dare una mano
September 16, 2021
Energy Dome uses CO2 for long-term power storage for renewable energy
November 30, 2021

 

Energy Dome Closes $11 Million Series A Funding, Advances First Commercial Deployment of Low-Cost, Long Duration CO2 Battery

> LEGGI IN ITALIANO

 

 
 

 

360 Capital Leads the Series A with Barclays and Novum Capital Partners Joining the Round, and Agreement Reached with Strategic Investor A2A for an Initial 100 Megawatt-Hour, Grid-Connected CO2 Battery Deployment.


MILAN, ITALY - Energy Dome, an Italian energy storage technology company founded in 2019, today announced the close of its $11M Series A fundraise. The company will use the proceeds to complete the construction of its CO2 Battery demonstration project in Sardinia, Italy, and to accelerate the growth of the business.


The CO2 Battery’s optimal charge/discharge cycle ranges from 4 to 24 hours, positioning it perfectly for daily and intra-day cycling, a fast-growing market segment that is not well served by existing battery technologies. Significantly, the CO2 Battery can be charged during daytime when there is surplus solar generation and dispatched during the subsequent evening and next-morning peaks, when solar generation falls short of demand. The modular, scalable energy storage solution will allow for solar and wind generation to be dispatchable 24 hours per day.


Using low-cost, off-the-shelf components in a patented, closed thermodynamic process, CO2 Battery achieves a 75-80% round-trip efficiency. And, unlike lithium-ion batteries that suffer significant performance degradation during their 7-10 year design life, the CO2 Battery maintains its performance during its expected 25 year operational life. Consequently, the cost of storing energy will be about half of the cost of storing with similar sized lithium-ion batteries.


The oversubscribed round was led by deep technology venture capital firm 360 Capital. 360 Capital is joined by other investors, including Barclays’ Sustainable Impact Capital programme, a division of the banking giant Barclays which takes an impact investment approach, Geneva-based multi-family office Novum Capital Partners, and Third Derivative, a global climate technology start-up accelerator founded by RMI and New Energy Nexus.


Alongside the fundraise, Italian company A2A, a strategic investor via limited partnership with 360 Capital, has entered a Memorandum of Understanding with Energy Dome to deploy the company’s first commercial project. This proposed 100 megawatt-hour (MWh) CO2 Battery could support the increased use of renewable power in the generation mix and address the growing need for energy storage on electrical grids.


Energy Dome has achieved this paradigm shift in the cost of storage by using CO2 in a closed loop cycle where it changes from gas, to liquid and back to gas. The titular “dome” is an inflatable atmospheric gas holder filled with CO2 in its gaseous form. When charging, the system draws electrical power from the electric grid, which feeds a motor. The motor drives a compressor which draws CO2 from the dome and compresses it, generating heat which is stored in a thermal energy storage device. The CO2 is then liquified under pressure and stored in liquid CO2 vessels, at ambient temperature, to complete the charging cycle. When discharging, the cycle is reversed by evaporating the liquid CO2, recovering the heat from the thermal energy storage system, and expanding the hot CO2 into a turbine, which drives a generator. Electricity is returned to the grid and the CO2 re-inflates the dome without emissions to the atmosphere, ready for the next charging cycle. The system components are standardised and modular, allowing for up to 200 MWh in storage capacity, and targeting a wide range of customers including utilities, independent power producers, grid operators, industrial applications and remote mining Operations.


The company was founded and is led by serial energy entrepreneur Claudio Spadacini. In less than two years, Energy Dome’s team of engineers turned an engineering concept into reality with patents filed and a 2.5MW x 4MWh demonstration plant now under construction in Sardinia and expected to be tested and validated in the first quarter of 2022.


Grid systems across the world need effective, low-cost storage to pair with renewable energy,” said Claudio Spadacini, founder and CEO of Energy Dome. “We’re excited to be leveraging this investment and agreement to accelerate our deployment of this transformational technology. We thank all of the supporters who made today’s announcement possible.


"Long-term energy storage will play a pivotal role in tackling climate change, paving the way for a carbon-free grid,” said Cesare Maifredi, managing partner of 360 Capital. “Energy Dome's technology is an innovative yet ready-to-market solution which makes long-term energy storage a reality today. It materially contributes to the energy transition, while delivering substantial value to its clients, grid operators and ultimately to our society."


Energy Dome’s ground breaking technology addresses the issue that transitioning to a low carbon economy requires not only renewable energy sources, but effective ways of storing this energy, to help balance supply with demand,” said Steven Poulter, Head of Principal Structuring and Investments at Barclays. “Barclays is pleased to be supporting Energy Dome’s next stage of growth, as they continue to drive efforts to reduce carbon emissions worldwide”.


About Energy Dome
Energy Dome is an energy storage technology company that fights climate change using CO2 as part of the solution to accelerate the world’s transition to renewable energy. Led by a team with a track record of innovation in the energy sector, ENERGY DOME uses CO2 as a working fluid in a closed thermodynamic process to store energy and make renewable power dispatchable.
For more information, please visit www.energydome.com.


About 360 Capital
360 Capital is a Venture Capital firm investing in early stage, innovative deeptech & digital enterprises across Europe. The firm has a 20-year track record of supporting talented tech entrepreneurs in developing ambitious & disruptive companies in a variety of sectors. Led by a diverse and experienced team of professionals located in Paris and Milan, 360 Capital has €400M of assets under management and an active portfolio of over 50 companies


About Barclays’ Sustainable Impact Capital Programme
As part of the firm’s broader commitments, Barclays will invest £175m of its own capital, led by the Principal Investments team, in fast-growing, innovative, environmentally-focused companies whose values are aligned with those of Barclays and which target the goals and timelines of the Paris Agreement. Investments will be strategic to Barclays, its clients and the communities it serves, with clear scalable propositions that deliver both environmental benefits and economic returns.
Find out more about the programme here.


Media Contact
Ashley Fallon
Antenna for Energy Dome
energydome@antennagroup.com
 

 

Energy Dome Closes $11 Million Series A Funding, Advances First Commercial Deployment of Low-Cost, Long Duration CO2 Battery

> LEGGI IN ITALIANO

 

 

360 Capital Leads the Series A with Barclays and Novum Capital Partners Joining the Round, and Agreement Reached with Strategic Investor A2A for an Initial 100 Megawatt-Hour, Grid-Connected CO2 Battery Deployment.


MILAN, ITALY - Energy Dome, an Italian energy storage technology company founded in 2019, today announced the close of its $11M Series A fundraise. The company will use the proceeds to complete the construction of its CO2 Battery demonstration project in Sardinia, Italy, and to accelerate the growth of the business.


The CO2 Battery’s optimal charge/discharge cycle ranges from 4 to 24 hours, positioning it perfectly for daily and intra-day cycling, a fast-growing market segment that is not well served by existing battery technologies. Significantly, the CO2 Battery can be charged during daytime when there is surplus solar generation and dispatched during the subsequent evening and next-morning peaks, when solar generation falls short of demand. The modular, scalable energy storage solution will allow for solar and wind generation to be dispatchable 24 hours per day.


Using low-cost, off-the-shelf components in a patented, closed thermodynamic process, CO2 Battery achieves a 75-80% round-trip efficiency. And, unlike lithium-ion batteries that suffer significant performance degradation during their 7-10 year design life, the CO2 Battery maintains its performance during its expected 25 year operational life. Consequently, the cost of storing energy will be about half of the cost of storing with similar sized lithium-ion batteries.


The oversubscribed round was led by deep technology venture capital firm 360 Capital. 360 Capital is joined by other investors, including Barclays’ Sustainable Impact Capital programme, a division of the banking giant Barclays which takes an impact investment approach, Geneva-based multi-family office Novum Capital Partners, and Third Derivative, a global climate technology start-up accelerator founded by RMI and New Energy Nexus.


Alongside the fundraise, Italian company A2A, a strategic investor via limited partnership with 360 Capital, has entered a Memorandum of Understanding with Energy Dome to deploy the company’s first commercial project. This proposed 100 megawatt-hour (MWh) CO2 Battery could support the increased use of renewable power in the generation mix and address the growing need for energy storage on electrical grids.


Energy Dome has achieved this paradigm shift in the cost of storage by using CO2 in a closed loop cycle where it changes from gas, to liquid and back to gas. The titular “dome” is an inflatable atmospheric gas holder filled with CO2 in its gaseous form. When charging, the system draws electrical power from the electric grid, which feeds a motor. The motor drives a compressor which draws CO2 from the dome and compresses it, generating heat which is stored in a thermal energy storage device. The CO2 is then liquified under pressure and stored in liquid CO2 vessels, at ambient temperature, to complete the charging cycle. When discharging, the cycle is reversed by evaporating the liquid CO2, recovering the heat from the thermal energy storage system, and expanding the hot CO2 into a turbine, which drives a generator. Electricity is returned to the grid and the CO2 re-inflates the dome without emissions to the atmosphere, ready for the next charging cycle. The system components are standardised and modular, allowing for up to 200 MWh in storage capacity, and targeting a wide range of customers including utilities, independent power producers, grid operators, industrial applications and remote mining Operations.


The company was founded and is led by serial energy entrepreneur Claudio Spadacini. In less than two years, Energy Dome’s team of engineers turned an engineering concept into reality with patents filed and a 2.5MW x 4MWh demonstration plant now under construction in Sardinia and expected to be tested and validated in the first quarter of 2022.


Grid systems across the world need effective, low-cost storage to pair with renewable energy,” said Claudio Spadacini, founder and CEO of Energy Dome. “We’re excited to be leveraging this investment and agreement to accelerate our deployment of this transformational technology. We thank all of the supporters who made today’s announcement possible.


"Long-term energy storage will play a pivotal role in tackling climate change, paving the way for a carbon-free grid,” said Cesare Maifredi, managing partner of 360 Capital. “Energy Dome's technology is an innovative yet ready-to-market solution which makes long-term energy storage a reality today. It materially contributes to the energy transition, while delivering substantial value to its clients, grid operators and ultimately to our society."


Energy Dome’s ground breaking technology addresses the issue that transitioning to a low carbon economy requires not only renewable energy sources, but effective ways of storing this energy, to help balance supply with demand,” said Steven Poulter, Head of Principal Structuring and Investments at Barclays. “Barclays is pleased to be supporting Energy Dome’s next stage of growth, as they continue to drive efforts to reduce carbon emissions worldwide”.


About Energy Dome
Energy Dome is an energy storage technology company that fights climate change using CO2 as part of the solution to accelerate the world’s transition to renewable energy. Led by a team with a track record of innovation in the energy sector, ENERGY DOME uses CO2 as a working fluid in a closed thermodynamic process to store energy and make renewable power dispatchable.
For more information, please visit www.energydome.com.


About 360 Capital
360 Capital is a Venture Capital firm investing in early stage, innovative deeptech & digital enterprises across Europe. The firm has a 20-year track record of supporting talented tech entrepreneurs in developing ambitious & disruptive companies in a variety of sectors. Led by a diverse and experienced team of professionals located in Paris and Milan, 360 Capital has €400M of assets under management and an active portfolio of over 50 companies


About Barclays’ Sustainable Impact Capital Programme
As part of the firm’s broader commitments, Barclays will invest £175m of its own capital, led by the Principal Investments team, in fast-growing, innovative, environmentally-focused companies whose values are aligned with those of Barclays and which target the goals and timelines of the Paris Agreement. Investments will be strategic to Barclays, its clients and the communities it serves, with clear scalable propositions that deliver both environmental benefits and economic returns.
Find out more about the programme here.


Media Contact
Ashley Fallon
Antenna for Energy Dome
energydome@antennagroup.com

 
 

Energy Dome chiude un round di finanziamento da 10 milioni di Euro e accelera lo sviluppo del primo impianto CO2 Battery su scala commerciale.

 

 

Lead Investor dell’operazione è 360 Capital che guida il round di aumento di capitale seguita da Barclays e Novum Capital Partners. Energy Dome ha inoltre raggiunto un accordo con l’investitore strategico A2A per la realizzazione di un impianto CO2 Battery da 100MWh.


MILANO, ITALIA - Energy Dome, startup italiana fondata nel 2019, operante nel settore dello stoccaggio di energia elettrica su larga scala e lunga durata, ha annunciato oggi di aver chiuso un aumento di capitale (Series A) da 10 milioni di euro. L'azienda utilizzerà i fondi per completare la costruzione dell’impianto dimostrativo della CO2 Battery in Sardegna e per accelerare la crescita del business.


La CO2 Battery consentirà all’energia solare ed eolica di essere dispacciabile 24 su 24. Questa tecnologia innovativa consente di accumulare grandi quantità di energia elettrica con durate di accumulo fra 4 e 24 ore, un segmento di mercato fondamentale per la transizione energetica ed in rapida crescita che, ad oggi, è lasciato completamente scoperto dalle batterie elettrochimiche agli ioni di litio, unica vera tecnologia di accumulo disponibile sul mercato. La CO2 battery ha l’enorme potenziale di rendere dispacciabili le fonti di energia rinnovabile, può essere caricata nei momenti di eccedenza di generazione solare e/o eolica e dispacciata nelle ore di assenza di produzione da rinnovabili.


La tecnologia sviluppata e brevettata da Energy Dome si basa su un processo termodinamico chiuso, che permette di raggiungere alte efficienze di round-trip, pari al 75-80%, e bassi costi d’investimento, pari a circa la metà delle batterie al litio, utilizzando solamente componenti già disponibili e riorganizzati all’interno di un processo totalmente innovativo. Diversamente dalle batterie agli ioni di litio che, nel corso della loro vita utile di soli 7-10 anni, subiscono una gravosa perdita di prestazione, la CO2 battery preserva inalterata la sua performance nei 25 anni di esercizio operativo previsto. Di conseguenza, il costo dell’ accumulo di energia sarà significativamente minore del corrispettivo con batterie agli ioni di litio di dimensioni simili.


Il round di finanziamento, che ha riscosso un notevole successo con numerosi investitori interessati a partecipare, è stato guidato dal venture capital italiano 360 Capital. A 360 Capital si sono uniti altri investitori, tra cui il programma Sustainable Impact Capital di Barclays, una sezione del gigante bancario Barclays che investe in aziende ad alto impatto ambientale, Novum Capital Partners, un multi-family office con sede a Ginevra e Third Derivative, un acceleratore di clen tech startup fondata dal Rocky Mountain Institute e New Energy Nexus.


In parallelo alla chiusura dell'aumento di capitale come limited partner di 360 Capital, A2A ha sottoscritto un Memorandum of Understanding con Energy Dome per la realizzazione del primo impianto su scala commerciale. La CO2 Battery da 100 megawattora (MWh) potrà consentire un maggiore utilizzo di energia rinnovabile nel mix energetico e parallelamente soddisfare la crescente necessità di stoccaggio di energia richiesta dal mercato, contribuendo alla transizione ecologica.


Energy Dome raggiunge elevate efficienze e costi di stoccaggio competitivi grazie ad un processo innovativo in cui la CO2 viene immessa in un processo termodinamico chiuso, all’interno del quale viene manipolata fra gli stati liquido e gassoso per accumulare energia. Il “dome”, che da il nome all’azienda, è un gasometro atmosferico gonfiabile riempito con CO2 allo stato gassoso. Durante la fase di carica, il sistema preleva energia elettrica dalla rete, che va ad alimentare un motore. Il motore aziona un compressore che preleva CO2 dal dome e la comprime, generando calore poi accumulato in un sistema di accumulo termico. Qui la CO2 viene liquefatta sotto pressione e accumulata in serbatoi per CO2 liquida, a temperatura ambiente, al fine di completare il ciclo di carica. In fase di scarica, il ciclo viene invertito. La CO2 liquida viene trasformata in gassosa, si recupera il calore dal sistema di accumulo termico e si espande la CO2 calda in una turbina, la quale aziona un generatore. L’elettricità generata viene così reimmessa in rete e la CO2 va nuovamente a riempire il dome senza emissioni in atmosfera, pronta al successivo ciclo di carica. I componenti del sistema, standardizzati e modulari, consentono fino a 200 MWh di capacità di stoccaggio e si rivolgono a un'ampia gamma di clienti tra cui utilities, produttori di energia indipendenti, operatori di rete, stabilimenti industriali e grandi consumatori di energia (miniere, datacenter, etc.).


L’azienda è stata fondata dall’imprenditore Claudio Spadacini, da sempre attivo nel settore dell’energia. In meno di due anni, il team di ingegneri di Energy Dome ha trasformato un’idea imprenditoriale in un’azienda con brevetti registrati e un impianto dimostrativo da 2.5MW x 4Mwh, ora in fase di costruzione in Sardegna, pronto ad essere reso operativo entro il primo trimestre del 2022.


"I sistemi di rete elettrica di tutto il mondo necessitano dell’apporto di tecnologie di accumulo efficaci e a basso costo da affiancare alla produzione di energia rinnovabile", ha affermato Claudio Spadacini, fondatore e CEO di Energy Dome. “Siamo orgogliosi del risultato raggiunto e determinati a sfruttare al meglio il capitale raccolto e l’accordo con A2A per velocizzare l’implementazione della nostra tecnologia su scala globale. Ringraziamo tutti i sostenitori che hanno reso possibile l’annuncio di oggi”.


Cesare Maifredi, Managing Partner di 360 Capital, prosegue: “L’accumulo di energia a lunga durata avrà un ruolo fondamentale nel contrastare il cambiamento climatico, aprendo la strada ad un sistema elettrico sempre più carbon-free”. “La tecnologia di Energy Dome è una soluzione tanto innovativa quanto pronta per il mercato, e rendererà l’accumulo di energia a lunga durata finalmente realtà. La CO2 Battery contribuisce materialmente alla transizione energetica, mentre garantisce un enorme valore aggiunto ai clienti, agli operatori di rete e, infine, alla nostra società.


La rivoluzionaria tecnologia di Energy Dome risponde concretamente ad uno dei problemi fondamentali della transizione energetica, ovvero non solo la necessità di promuovere la produzione da fonti di energia rinnovabili, ma integrarla con tecnologie capaci di accumulare l’energia prodotta, affinché sia possibile trovare un equilibrio tra domanda e offerta”, ha affermato Steven Poulter, Head of Principal Structuring and Investments presso Barclays. “Barclays è felice di poter supportare la prossima fase della crescita di Energy Dome, poiché questa azienda continua a profondere il proprio impegno nella riduzione delle emissioni di carbonio in tutto il mondo.”

 
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