Mining energy: Gravitricity secures £650,000 to develop energy storage system

Michael Holder
clock • 2 min read

Energy storage technology is based on idea that 'what goes up must come down'

UK start-up Gravitricity yesterday announced it has secured £650,000 of government backing to help rejuvenate old mine shafts to store energy with the help of weights and winches. The technology harnesses...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Global Briefing: Green industry groups slam US bill, as Trump guts support for clean tech

Zonal pricing: New research claims switch could avoid need for £27bn in grid spend

More on Infrastructure

AI is power-hungry - that's exactly why it could accelerate the clean energy transition
Infrastructure

AI is power-hungry - that's exactly why it could accelerate the clean energy transition

AI's energy demand could become the pressure point that finally forces action - unlocking the investment, infrastructure and reforms the clean energy transition has needed for years, writes Devorah West from the Tony Blair Institute for Global Change...

Devorah West, Tony Blair Institute for Global Change
clock 23 June 2025 • 4 min read
National Highways starts construction on latest green bridge
Infrastructure

National Highways starts construction on latest green bridge

New bridge in Gloucestershire to provide multi-purpose crossing for walkers, cyclists, horse riders, and wildlife

James Murray
James Murray
clock 20 June 2025 • 3 min read
Why the 'industrial sunbelt' is tipped to overtake world's biggest economies in the clean industrial revolution
Infrastructure

Why the 'industrial sunbelt' is tipped to overtake world's biggest economies in the clean industrial revolution

Countries such as India, Egypt, and Brazil are home to more than half the world’s $1.6tr 'clean industrial pipeline', spanning sectors from aluminium and chemicals to aviation and steel

Stuart Stone
Stuart Stone
clock 19 June 2025 • 5 min read