Gravitricity & Nano Energies sign Czech storage agreement

May 22, 2023

UK-based gravity storage company Gravitricity has signed a “memorandum of cooperation” with Czech energy data modelling company Nano Energies, which will provide flexibility aggregation services for a Gravitricity storage facility in the Czech Republic.

Gravitricity says its system can “not only choose the weight of the weights it lowers and lifts but also repeat the processmultiple times or, conversely, stop the weights halfway, which depends on how much of an energy surplus or deficit the network has”.

Nano Energies has calculated that the optimal power output of the technology is 4MW, which is enough to power 16,000 homes.