Novel Long-Duration Energy Storage (with Arpit Dwivedi @ Cache Energy)

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Disclaimer: For full disclosure, Cache Energy is a portfolio company at Climate Capital, where Joris works as a Partner.

CC Pod is not investment advice and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any investment decision.

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Catch the latest episode of CC Pod! Host Joris van Mens interviews Arpit Dwivedi, founder of Cache Energy, about their groundbreaking long-duration energy storage technology.

Cache Energy is pioneering a novel approach to energy storage that leverages excess solar and wind electricity to heat a proprietary material. This process triggers a chemical reaction, storing the energy in a stable form. When energy is needed, the material undergoes a reverse chemical reaction to release the stored heat. This technology allows for indefinite energy storage without significant loss, providing a cost-effective alternative to traditional battery systems.

The importance of long-duration energy storage cannot be overstated. Renewable energy sources like solar and wind are intermittent by nature, producing energy only when the sun is shining or the wind is blowing. Cache Energy's solution addresses this intermittency, ensuring that renewable energy can be stored and used whenever needed, whether it's during the night, winter months, or periods of low wind.

Cache Energy’s technology is particularly beneficial for electric utilities and industries requiring consistent heat, such as manufacturing and food processing. By storing excess renewable energy and making it available on demand, Cache Energy helps utilities ensure a stable energy supply and enables industries to decarbonize their operations.

The company has already developed a pilot system and is in the process of deploying it at customer sites. These pilot projects will provide crucial feedback, allowing Cache Energy to refine its technology before scaling up to commercial-scale systems. Arpit invites potential customers interested in decarbonizing their heat processes or seeking long-duration energy storage solutions to participate in these pilot programs.

Cache Energy's innovative approach to long-duration energy storage has the potential to revolutionize the renewable energy landscape. By providing a cost-effective, operationally simple solution, Cache Energy is paving the way for a sustainable energy future. For more information, visit http://cacheenergy.com!

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