Storelectric Overview
- Year Founded
-
2013
- Status
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Private
- Employees
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22
- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
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$13.1M
- Investors
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1
Storelectric General Information
Description
Developer of large-scale energy storage systems designed for grid reliability and hydrogen economy support. The company's system utilizes underground salt caverns for long-duration storage of hydrogen and electricity, integrating renewable energy generation, compressed air energy storage, electrolysis, and fuel synthesis, enabling energy markets to achieve greater stability, flexibility, and independence while supporting both electricity and gas grids.
Contact Information
Website
www.storelectric.comCorporate Office
- Meacher-Jones
- 6 St Johns Court, Vicars Lane
- Chester CH1 1QE
- England, United Kingdom
Corporate Office
- Meacher-Jones
- 6 St Johns Court, Vicars Lane
- Chester CH1 1QE
- England, United Kingdom
Storelectric Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Later Stage VC | 31-Mar-2025 | $13.1M | Completed | Generating Revenue | ||
| 6. Later Stage VC | 20-Jun-2022 | Cancelled | Generating Revenue | |||
| 5. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 4. Grant | 12-Dec-2018 | Completed | Generating Revenue | |||
| 3. Later Stage VC | 12-Dec-2018 | Completed | Generating Revenue | |||
| 2. Angel (individual) | 08-Sep-2014 | $207K | $207K | Completed | Generating Revenue | |
| 1. Grant | 06-Mar-2014 | $66.8K | Completed | Generating Revenue |
Storelectric Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| A Ordinary | ||||||||
| B Ordinary | ||||||||
| B Ordinary | ||||||||
| B Ordinary | ||||||||
| A Ordinary | ||||||||
| A Ordinary | ||||||||
| A Ordinary | ||||||||
| A Ordinary | ||||||||
| A Ordinary | 167,765 | $0.000258 | $1.1 | $1.1 | 1x | $1.1 | 0.99% | |
| A Ordinary | 978,000 | $0.000258 | $0.32 | $0.32 | 1x | $0.32 | 5.78% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Storelectric Comparisons
Industry
Financing
Details
Storelectric Competitors (3)
One of Storelectric’s 3 competitors is Hydrostor, a Private Equity-Backed company based in Toronto, Canada.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Hydrostor | Private Equity-Backed | Toronto, Canada | ||||
| Highview Power | Venture Capital-Backed | London, United Kingdom | ||||
| Form Energy | Venture Capital-Backed | Somerville, MA |
Storelectric Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Storelectric Patents
Storelectric Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| GB-2627520-A | Integrated cleantech industries | Inactive | 24-Feb-2023 | ||
| GB-202302761-D0 | Itegrated cleantech industries | Inactive | 24-Feb-2023 | ||
| CA-3108405-A1 | Energy storage with hydrogen | Pending | 01-Aug-2018 | ||
| EP-3830400-A1 | Energy storage with hydrogen | Active | 01-Aug-2018 | ||
| EP-3830400-B1 | Energy storage with hydrogen | Active | 01-Aug-2018 | F02C6/16 |
Storelectric Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Storelectric Investors (1)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| The Penguins oil and gas field | Corporation |
Storelectric Acquisitions (1)
Storelectric’s most recent deal was a Merger/Acquisition with TES CAES. The deal was made on 15-Jun-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| TES CAES | 15-Jun-2023 | Merger/Acquisition | Energy Storage |
Storelectric Affiliates
Subsidiaries (3)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Storelectric Teesside | Chester, United Kingdom | 2022 | |
| Storelectric Fleetwood | Chester, United Kingdom | 2022 | |
| TES CAES | Chester, United Kingdom | 2017 |
Storelectric FAQs
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When was Storelectric founded?
Storelectric was founded in 2013.
-
Where is Storelectric headquartered?
Storelectric is headquartered in Chester, United Kingdom.
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What is the size of Storelectric?
Storelectric has 22 total employees.
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What industry is Storelectric in?
Storelectric’s primary industry is Energy Production.
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Is Storelectric a private or public company?
Storelectric is a Private company.
-
What is the current valuation of Storelectric?
The current valuation of Storelectric is .
-
What is Storelectric’s current revenue?
The current revenue for Storelectric is .
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How much funding has Storelectric raised over time?
Storelectric has raised $14.5M.
-
Who are Storelectric’s investors?
The Penguins oil and gas field has invested in Storelectric.
-
Who are Storelectric’s competitors?
Hydrostor, Highview Power, and Form Energy are competitors of Storelectric.
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