Founder of smart energy storage

Who invented stationary energy storage?

Twenty years ago, when Dr. Gyuk took charge of the stationary energy storage program, the technology was only beginning to be explored. There were very few demonstrations and the rare industry meetings were only attended by a handful of researchers, scientists, and dreamers.

How much does energy storage cost?

This energy storage system boasts a significantly lower Levelized Cost of Storage (LCOS), estimated at around 3.8 cents per kWh compared to 11 cents per kWh for lithium-ion batteries. With its simple control mechanisms and efficient operation across a wide temperature range, FESS outperforms batteries in grid storage applications.

Who owns Breakthrough Energy?

Since then, the fund has been building its team and refining its investment strategy. Breakthrough Energy's investors and Board of Members include some of the world's richest entrepreneurs, comprising Amazon founder Jeff Bezos, Virgin Group's Richard Branson, Jack Ma of Alibaba Group, and leading venture capitalists John Doerr and Vinod Khosla.

Is energy storage a separate asset?

EASE has successfully defined energy storage as a separate asset (neither generation nor consumption) and has enabled operators to own and operate energy storage within their asset portfolio. Since 1996, Clerens worked as a consultant for a private company specializing in European Affairs in Brussels.