Teraloop Oy

www.teraloop.org/

Category: Energy Distribution & Storage

Funding Stage: Early stage

Country: Finland

Award:

Sustainable Energy Storage Solutions

Teraloop is revolutionizing the world of energy storage, with an innovative and patented configuration of existing, proven technologies: MAGLEV, flywheels and brushless electric motors. Their system consists of a large scale magnetically levitated rotor, which is charged and accelerated when surplus energy is available, and then discharges into the grid when the energy is needed.