Cumulus Energy Storage aims to be the grid-level (1MWh ? 100MWh) energy storage battery manufacturer with the lowest cost battery technology globally.
The energy storage market is forecast by Lux Research to be worth $114bn by 2017. The US Department Of Energy recently announced most of the 123,000MW energy storage capacity globally is pumped hydro and only 300MW uses battery technologies.
We intend fill this gap in the energy storage market by manufacturing safe energy storage batteries in the 1MWh to 100MWh range with the lowest levelized-cost battery technology. Our battery technology is based on existing, proven chemistries and architectures used daily in the metal refining industry.