June 1, 2023 – Munich (Germany), Fredericia (Denmark)
The renewable energy sector continues to make significant strides towards a greener and more sustainable future. One of the key challenges faced in this transition is the efficient storage and utilisation of renewable energy, especially during periods of intermittent generation. To address this challenge head-on, Ørsted, a global leader in renewable energy, in partnership with Rockstart, a worldwide early-stage VC-accelerator, has forged a strategic partnership with phelas.
Ørsted, an internationally renowned frontrunner in offshore wind power, has recognized the transformative potential of phelas’ energy storage technology and formed a partnership. This collaboration combines Ørsted’s expertise in developing wind farms with phelas’ storage solution, aiming to accelerate the integration of renewable energy into the global energy system. By leveraging Ørsted’s experience and global reach, the partnership propels phelas’ technology forward, marking a significant step towards revolutionising the renewable energy landscape and achieving a sustainable, carbon-neutral future.
The collaboration between phelas and Ørsted focuses on advancing Aurora’s technology towards commercial-scale implementation. By closely collaborating with Ørsted, phelas aims to reduce technological and market risks, ensuring a faster adoption of phelas’ energy storage solution for commercial use. Ørsted’s industry insights, market knowledge, and commitment to green energy provide invaluable support as phelas works towards bringing Aurora to the mass market.
“Through our cooperation, we are forging ahead to accelerate the adoption of renewable energy and establish a sustainable energy future. We are confident that Aurora, our innovative energy storage system, will play a pivotal role in driving the transition to a world powered by renewable energy.” says Justin Scholz, CEO of phelas.
phelas is an energy storage company with the vision to provide reliable, green, and low-cost electricity everywhere in the world. phelas’ new long duration energy storage technology uses an in-house developed thermodynamic process to store energy in liquid air. Through this modular, affordable, and sustainable technology, it is possible to meet the energy storage needs of renewable energy operators, system operators and industries in a tailored and profitable manner.
For more information, visit https://phelas.com
Ørsted is a Danish renewable energy company that specialises in offshore wind farms, bioenergy plants, and waste-to-energy solutions. It is a global leader in offshore wind energy, with a strong presence in Europe, the United States, and Asia. The company specialises in developing, constructing, and operating offshore wind farms, contributing to the generation of clean and sustainable electricity. Ørsted is actively involved in the transition to renewable energy and has been instrumental in the growth of the offshore wind industry worldwide. Alongside offshore wind, Ørsted also invests in onshore wind, solar power, and energy storage, aiming to achieve a carbon-neutral world by 2025. As a result of its commitment to renewable energy, Ørsted has gained recognition as a prominent player in the global clean energy sector.
For more information, visit https://orsted.com/
Business Developer and Co-Founder