Topics
Latest
AI
Amazon
Image Credits:imaginima / Getty Images
Apps
Biotech & Health
Climate
Image Credits:imaginima / Getty Images
Cloud Computing
Commerce
Crypto
go-ahead
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
Space
startup
TikTok
Transportation
Venture
More from TechCrunch
issue
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Where Aytac Yilmaz endure in the Netherlands , the sun might not seem for days on conclusion , which can really crimp the yield of the country ’s solar panels . Wind turbine might make up some of the shortfall , but what if the wind go away at the same clock time ?
put down long - duration vigour computer storage , or monolithic bombardment tailored to serve the electrical storage-battery grid . Today , most of them are Li - ion battery , which are rich thanks to automotive requirement but still dreadfully expensive . In the future , Yilmaz envisions those batteries being made of tatty , abundant iron .
His startup , Ore Energy , emerged from stealth today with € 10 million in seeded player financial backing from Positron Ventures and other investors , the company exclusively told TechCrunch . The money will help it on its seeking to make grid - scale batteries not just cheaper , but also longer hold out .
“ We are aim around 100 hours of storage so we can in reality bridge longer spread of renewable power genesis , ” Yilmaz separate TechCrunch . “ The more renewables that you have in the gridiron , the long duration that you will need . ”
Ore Energy ’s core technology was whirl out of TU Delft in the Netherlands , where Yilmaz researched corrosion as part of his PhD and postdoc . The batteries release energy by rusting atomic number 26 and store it by invert that corrosion .
Unlike other battery that are shipped with all the necessary chemicals inside , Ore Energy ’s do not . or else , they make one of their primal reactants , oxygen , from the atmosphere . Hence the name : branding iron - air bombardment . “ The batteries are actually inspire and exhale oxygen , and that is what reserve these reaction to go on , ” Yilmaz said .
The company is already working with utility , he sum , and the applied science is quick for commercial - scale production , with a portion of the new support helping to build a megawatt - exfoliation factory . By the terminal of the decade , Yilmaz hopes to have a gigawatt - scurf manufactory online . “ The actual goal is to profoundly decarbonize the grid in the 2030s , ” he said .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Ore Energy is n’t the only startup working on iron - air batteries . In the U.S.,Form Energyis arguably the leader and has been refine its glide slope for year , having raise $ 928 million at a $ 2.06 billion post - money valuation , allot to PitchBook . The company is near completion of its first large - musical scale manufactory in West Virginia , where it hop to embark on production later this class .
Form Energy has a significant head beginning , but Yilmaz think there ’s room for more than one player in the game . “ human body Energy is really doing a great job in the U.S. , ” he said . “ We have the same end to transform the electrical energy power system in Europe . ”
