Innovative clean energy company, Fourth Power, has secured a $19 million series A investment, which will be used to build a prototype facility with a capacity of 1 megawatt-hour outside of Boston, as announced by the company in a statement published on Business Wire.
The company’s battery technology operates by harnessing renewable energy to heat up coal blocks until they “shine like the sun.” This heated coal can then be released when needed and delivered to the power grid, where thermophotovoltaic cells convert light energy into electricity.
Fourth Power’s thermal battery solution has already broken the Guinness World Record by heating a liquid metal pool to the highest recorded temperature. Liquid zinc reached a maximum level of 2,192 degrees Fahrenheit (1,200 degrees Celsius), thanks to a system developed by Professor Aseguna Henry.
The funds from the investment will not only be used to construct larger installations, but also to conduct durability tests and hire new engineers to meet the growing demand for clean energy.
The system allows for greater control over the utilization of generated energy compared to other storage solutions, and the addition of more coal blocks can extend the storage time.
“Our vision has always been to combat climate change by making renewable energy – the most cost-effective source of energy – a reliable resource for the grid, available 24/7,” said Arvin Ganesan, CEO of Fourth Power.
“Excellent storage of clean energy, which is reliable and scalable, will be the foundation of a zero-emission future,” added Carmichael Roberts of Breakthrough Energy Ventures.
Investing in clean energy is another step towards moving away from dirty fuels that produce greenhouse gas emissions and contribute to global warming.
Energy storage is crucial for renewable energy sources, as they often depend on specific weather conditions that are not constant, such as wind and solar energy.
Lithium-ion is considered one of the most effective materials for energy storage, although there are issues with disposal and the risk of fires. Additionally, it can be expensive and difficult to source.
An alternative is sodium-ion, which can be produced at a much lower cost. LG produces high-nickel cathode materials for sodium-ion batteries, which increase both efficiency and battery life.
Meanwhile, solid-state batteries are increasingly being considered for use in electric vehicles, which will increase the range of travel on a single charge.
Improvements in battery technology will make a significant difference as different sectors replace polluting dirty fuels with renewable alternatives, and Fourth Power’s modern facility could play a key role in this transformation.
FAQ Guide on Innovative Company Fourth Power:
1. What are the key details about Fourth Power?
Fourth Power is an innovative clean energy company that has received a $19 million series A investment. The company plans to build a prototype facility with a capacity of 1 megawatt-hour outside of Boston. Their battery technology involves using renewable energy to heat up coal blocks, which can then be released and delivered to the power grid.
2. How does Fourth Power’s battery technology work?
Fourth Power’s battery technology relies on using renewable energy to heat up coal blocks until they “shine like the sun.” The heated coal can then be released and delivered to the power grid, where light energy is converted into electricity by thermophotovoltaic cells.
3. What is Fourth Power’s main achievement in this field?
Fourth Power has achieved a Guinness World Record by developing a system that heats up liquid metal to the highest recorded temperature. Liquid zinc reached a temperature of 2,192 degrees Fahrenheit (1,200 degrees Celsius).
4. How will the funds from the series A investment be used?
The funds from the series A investment will be used to build larger installations, conduct durability tests, and hire new engineers to meet the growing demand for clean energy.
5. What are the advantages of Fourth Power’s battery system?
Fourth Power’s battery system offers greater control over the utilization of generated energy compared to other storage solutions. Adding more coal blocks increases the storage time of energy.
6. Who are the key representatives of Fourth Power?
Arvin Ganesan is the CEO of Fourth Power, and Carmichael Roberts represents Breakthrough Energy Ventures.
7. Why is investing in clean energy important?
Investing in clean energy is important because it contributes to moving away from dirty fuels that produce greenhouse gas emissions and global warming.
8. Why is energy storage crucial for renewable energy?
Energy storage is crucial for renewable energy because the nature of some energy sources, such as wind and solar energy, depends on changing weather conditions. Energy storage allows for more unpredictable utilization.
9. What are the alternatives to lithium-ion batteries for energy storage?
One alternative to lithium-ion batteries is sodium-ion, which can be produced at a much lower cost. LG produces high-nickel cathode materials for sodium-ion batteries, which increase efficiency and battery life.
10. How does Fourth Power’s battery technology contribute to the transformation of energy sectors?
Improvements in battery technology, such as the one developed by Fourth Power, are crucial for replacing dirty fuels with renewable alternatives. This is necessary for the transformation of energy sectors and achieving a zero-emission future.
Related Links:
– Fourth Power
– Breakthrough Energy Ventures
The source of the article is from the blog kunsthuisoaleer.nl