Gravitricity Energy Storage - South Asia Feasibility 

Partners: Panitek Power Limited (Lead), Gravitricity Limited

Country: India, Pakistan

Technology: Energy storage, including batteries and mechanical storage

Stage: Early 

Stage: 9

The target markets for this project are India and Pakistan. Electricity demand is expected to treble between now and 2040. The Indian government has the target to have installed over 500GW of solar and wind power by 2030, up from 100GW in 2021.

Gravitricity is a novel technology to store energy by raising and lowering the weights inside a shaft. The design is based on an innovative combination of tensioned wires and a winch structure. An evaluation by Imperial College London, accounting for Gravitricity’s longevity (10-50x higher cycle life than batteries), shows that Gravitricity is more cost effective than other forms of electrical energy storage.

This feasibility project will combine Gravitricity’s technology with Panitek Power’s expertise in bringing sustainable energy solutions to the South Asian market. It will develop a South Asia specific solution through identifying technical, regulatory and market requirements, and then engineering an optimised solution.