Startup · $24m raised
Australian start-up using super-heavy weights in legacy mine shafts for gravitational energy storage
Wollongong, NSW
Every investor coverage indicates participated in a round Green Gravity raised.
| Investor | Rounds | Invested |
|---|---|---|
| Sumisho Coal Australia Holdings | Unnamed stage | - |
| BlueScope | Unnamed stage | - |
| BlueScopeX | Series A · Unnamed stage | - |
| HMC Capital | Series A · Unnamed stage | - |
| Pacific Channel | Series A · Unnamed stage | - |
| Sumisho Coal | Series A · Unnamed stage | - |
Companies Green Gravity acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Green Gravity. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Green Gravity has begun early studies for a gravitational energy storage project in Mount Isa mine shafts, working with Glencore and the local council, weeks after landing $9 million to advance its technology.
Wollongong energy storage venture Green Gravity has secured $9 million from HMC Capital, BlueScopeX, Pacific Channel and SCAP H to advance testing of its system that repurposes disused mineshafts for gravitational energy storage.
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Steel maker BlueScope commits money and site space at Port Kembla for startup Green Gravity to build a gravity-based energy storage research lab, with construction beginning this month.
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Green Gravity will trial its gravity energy storage in a closed NSW coal mine under an MoU with Yancoal, with a pre-feasibility study due in 2023, after a May capital raise.
Green Gravity, a new Australian venture developing gravity-based power storage inside abandoned mine shafts and led by Mark Swinnerton, formerly of BHP, has early private backing and is in talks with governments and VCs.