Another hot rocks company gets in the storage game
Feb 7, 2024
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Interview with Asegun Henry and Arvin Ganesan, founders of Fourth Power, a thermal storage startup. Topics include using liquid metal for heat transfer, maximizing durability of battery storage systems, funding and future pilots, scalability of the battery storage system, business case for renewable energy, controlling supply chains, and the impact of cheap clean electricity on humanity.
4th Power uses thermal storage system with liquid tin and graphite to provide cost-effective and reliable grid-scale energy storage.
4th Power aims to outperform lithium-ion batteries by using abundant and low-cost materials, offering scalability and flexibility in storage duration.
The investment from Breakthrough Energy Ventures validates 4th Power's innovative approach and their potential to contribute to a cleaner and more reliable grid.
Deep dives
Technology Overview
The company, 4th Power, uses renewable electricity to heat up a box of rocks to store energy. They have developed a big energy storage system that is utility-scale and can be as large as half a football field. The system uses liquid tin as a heat transfer fluid, chosen for its corrosion resistance and low melting point. The heat from the liquid tin is transferred to large blocks of graphite, which glow white-hot and store the heat. The stored heat can then be converted back into electricity using thermal photovoltaic (TPV) cells. The system can provide short-term response times and is designed to compete in the longer-duration storage market as well.
Impressive Team and Backing
4th Power has a highly experienced team with a founder and CTO who is a long-time researcher in thermal storage and transfer, and a CEO with a background in energy and environmental policy. The company's seed investment of $19 million includes funding from Bill Gates' Breakthrough Energy Ventures, offering validation and support for their innovative approach.
Competitive Cost and Reliability
With a focus on cost and reliability, 4th Power aims to outperform lithium-ion batteries in the grid-scale energy storage market. By using abundant and low-cost materials like graphite and liquid tin, they aim to provide a more cost-effective solution. The system is designed for long-term operation with minimal maintenance, providing utility-scale storage that can reliably deliver power for over 20 years.
Scalable and Flexible Storage
The 4th Power system is scalable and flexible, allowing for easy expansion by adding more storage blocks. The ability to stack more blocks increases the storage duration, making it adaptable to changing energy demands. The system also offers the option to discharge electricity opportunistically based on locational marginal prices, optimizing cost-efficiency.
Future Opportunities and Impact
4th Power's technology has the potential to disrupt the energy storage industry and contribute to a cleaner and more reliable grid. With further investment and development, the company plans to explore other applications beyond thermal storage, including industrial heat. The goal is to accelerate the transition to a renewable and electrified energy future by providing cost-effective and versatile energy storage solutions.
In this episode, I interview Fourth Power CTO Asegun Henry and CEO Arvin Ganesan, who bring high-profile experience in energy research, policy, and regulation to their new and promising thermal storage startup.
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