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Green Gravity is an Australian based gravitational energy storage technology developer. By moving heavy weights through legacy mineshafts, they are developing a technology which can repurpose legacy mines for utility-scale renewable energy storage. Green Gravity have completed first demonstrations and are raising capital to complete the final production demonstration trials in an Australian mineshaft during 2025.
With 100,000 legacy mines in Australia and millions globally, and US$3tn of investment required in energy storage to achieve a decarbonised global energy grid, the potential market opportunity for Green Gravity is enormous. The technology offers low cost (at half the levelised cost of Li-ion batteries) and very strong sustainability credentials. The company has 14 employees, has 45 mining companies engaged and a pipeline of 80 mineshafts in review. They have traction in Australia, India, and Europe and expect to make first commercial investments in 2026.
Green Gravity have secured AUD9 mio in funding from key institutional investors including HMC Capital, BlueScopeX, Pacific Channel and Sumisho Coal Australia Holdings (SCAP H). This is a significant milestone that demonstrates global recognition for Green Gravity’s world leading approach to repurposing legacy mineshafts for utility-scale long-duration energy storage. With a pre-money valuation of A$35M, the company is seeking investors for the final A$3M of capital available.
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