FollowSustainX, a startup in West Lebanon, New Hampshire, has received $20 million in venture capital to test its compressed-air energy storage technology on a large scale.
The technology could allow for a wider use of compressed-air storage, which in turn could make renewable energy more attractive, since it would allow wind power generated at night to be stored until daylight hours, when demand is higher. If it’s successful, the technology could decrease the need to build natural gas plants to supply peak power demand.
