Energy Storage is a Hot Field for Innovation
81 Energy storage US Venture Capital deals in 2021 totalling $8.8 billion.
If energy storage can be provided at ultra low cost the entire renewable market will be transformed.
So will the economics of running energy intensive industries.
In a short time frame variable renewables like wind and solar will become disruptive.
CATL is one of the most profitable companies ever created. Ultra Low Cost storage tech is poised to grow even faster.
Comparative Levelized Costs
Levelized Costs of Electricity
From new power plants 2009-2019. Solar has continues to drop at same rate 2019-2022.
Once solar and wind have access to storage at ca. $10KWh, electricity markets across the world will be transformed.
The transition to Solar and Wind will be rapid, fueled by simple market drivers.
Levelized Cost of Storage
Prototype Development Timeline
The Renewable Storage Market
Total Addressable Market (TAM)
* $2 Trillion p.a. by 2030 with CAGR 8.4%
* At prices below $20 per kwh, storage becomes self financing
* Once low cost storage is available, new plant financing and contracts will rapidly make fossil fuel electricity uneconomic
* The first storage technology to scale to GWh will have a significant advantage
Solar and wind are CAPEX capital intensive but unlike fossil fuels or hydrogen, there are no significant OPEX costs.
Once multi GWh storage is available at ultra low prices, the case for solar and wind becomes overwhelming.
Even today in some markets it’s cheaper CAPEX to install Wind and Solar than natural gas.
With ULC storage, all forms of energy with significant OPEX costs become uncompetitive in most use cases.
Modern ceramic storage research originated as a way of addressing energy losses in nuclear plants.
If adopted it has the potential to transform the nuclear market. Current plants lose 70% of their capacity in unutilised waste heat.
Adding 1-4 GWh Thermal Energy Storage Units could enable total energy efficiency to rise near to 70% making existing nuclear plants deliver far more energy to the grid.
Concentrated Solar Power CSP failed because solar panels became much cheaper than CSP and CSPs use of molten salt means high construction, maintenance and repair costs. Winning tech must be simple with few moving parts.
Dropping cost of solar and wind is key driver: they will win over anything that involves energy transformation (fossil fuel, hydrogen) if ultra low storage becomes available
Sodium Ion - CATL
Lithium Ion - CATL/Tesla
Volcanic Rock Storage - Siemens Gamesa
Heated Rock - Heliogen
High Temp Ceramic - Thermal Energy Solutions
Hydrogen - Many
Flow Battery - Many
Phase Change - Many
The expensive parts of Thermal Energy Storage are the generators, turbines and transformers. Plant that already exists in mothballed coal and Combined Cycle Gas power stations, Building GW scale ceramics storage in these plants would allow them to arbitrage renewable energy, turning losses into considerable profits.
Calix is working to provide the complete package including the trading software to enable plant owners to maximise their ROI.
Calix I.P. Strategy
Calix is committed to open source so ULC storage can become a rapid success.
In this early phase proprietary Intellectual Property may impact Calix’s ability to grow, so our technical descriptions may not fully disclose our technology. We may also file for patents in areas such as:
* Closed loop energy cycle for a thermal storage unit
* Encapsulated high temperature heat exchanger
* Steam turbine coupling
* Auxetic Thermal Coupling
Long term, engineering execution is the key to success, and advantage comes from gaining experience, moving early and fast.
Calix for Crypto
Calix ‘s crypto solution is focussed on turning Crypto & NFTs green.
We are offering Odyssey Storage, our customized containers with dedicated banks of servers which can be sited directly on wind or solar farms or on industrial sites near our Energy Storage Units.
Dedicated software enables the server banks to access stored renewable energy at the cheapest point in the energy cycle.
and guarantee your power requirements really are pure renewable.