Our research and development has been supported privately by our founders and industry stakeholders but also by InnovateUK through the Catalyst programme and by Department for Business, Energy & Industrial Strategy (BEIS) through the Energy Storage Cost reduction competition and more recently through the BEIS Long Duration Energy Storage (LODES) Stream 2 competition.
So far, we have focused on de-risking the most innovative sub-systems in the PTES. These have been demonstrated at TRL 4, at a 1MW scale. SynchroStor’s objective now is to combine these sub-systems in a 1MW x 10MWh pilot demonstrator. The LODES phase 1 programme allowed SynchroStor to consolidate the Basis of Design and General Arrangement of the PTES technology to provide a comprehensive starting point for design & delivery of this demonstrator. We expect this pilot to be operational in 2024, validating the technology at TRL 6 and preparing for market entry.
The LODES programme also allowed SynchroStor to develop a detailed Feasibility Study for the technology. This scope of work also included a market study, system costing, CO2 abatement analysis and a technology risk assessment. This work was well aligned with SynchroStor’s roadmap and has provided more evidence to support our plans for whole-system demonstration.