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Adaptive Balancing Power GmbH

Early Stage Startup





Tagline

Enabling reliable and economic electric power.

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Elevator Pitch

To achieve a low cost and efficient energy transition, new storage technologies are required. Adaptive Balancing Power GmbH has developed an innovative energy storage system and a new business model for stabilizing electricity grids. After 8 years of research, the company has been founded in August 2016 as a spin-off from Darmstadt Technical University. In 2017, the first pilot projects are being implemented and the first VC-round shall be completed.

Up to now conventional power plants offered system services required to stabilize the electricity grids (so-called control reserve). Wind turbines and PV installations are not able to provide them. On the contrary, their intermittent generation has a destabilizing effect on the grids.

As conventional power plants are being shut down due to regulatory and economic reasons, the demand in new technologies for grid stabilization is growing in Europe and North-America significantly. Asia is expected to catch up and become the largest grid stability market by 2025. The global demand is expected to grow at a 24% CAGR and reach 24 GW by 2025.

Adaptive shall benefit from a strong home market for its product launch. The market entry is focused on the growing German market; whose players enjoy a strong position in the sizeable Central European TSO Group (European interconnected grid). Targeted customers shall be able to generate up to 200% of additional annual revenues by integrating Adaptive’s technology in their existing facilities. The strong commitment of German strategic partners demonstrates the traction of Adaptive’s innovative solution.

Following its expansion across Europe (Estimated SAM exceeding € 2.5 bn by 2025), Adaptive shall start the Roll-Out-Phase in the North American interconnected grid market, followed by Asia. Additional market upsides for the innovative flywheel energy storage technology can be achieved in the Mobility sector (Truck and Rail) and in Uninterruptible Power Supplies.

To secure a successful market entry, Adaptive is looking for further strong strategic and financial partners. The team has been supported by the German state with Exist-Gründerstipendium as well as by Climate-KIC and participated in the E.ON Accelerator. Currently the first pilot project with a capacity of 500 kW is being installed in Ireland and first sales discussions are well under way in Germany.
Adaptive’s fund raising is foreseen in two steps. The first round will help (i) complete a market ready product, (ii) implement initiated pilot projects and (iii) achieve a successful market entry in Europe.

Product

Adaptive developed an unprecedented outer-rotor flywheel solution together with its own grid balancing software maintaining an instant balance between energy generation and consumption at all time. In this area, there is no other economically viable storage system available. Adaptive’s technological advance makes it the un-matched value proposition against any present or future batteries solutions.

The cutting edge features of Adaptive’s flywheel are:
* Flexibility and scalability,
* Unlimited life cycle,
* Environmentally friendly materials,
* Cost leadership.

By using the developed modular system, Adaptive’s flywheel perfectly fits the customer’s requirements from 100 KW to 10 MW with a discharge duration between one and six minutes. This flexible solution is the only one to provide the dynamic grid stabilization at minimal costs. To ensure scalability, Adaptive has opted for a lean structure with a dedicated supplier chain. No capex are required to scale up the technology.


Why we are ecofriendly

Adaptive enables C02-reduced electricity grids by keeping generation and consumption in balance at all time.

Latest News

* Visit Adaptive and learn about its products at the Integrated Energy Plaza at Hannover Messe (April 24. – 28., Hall 27, Booth H50).
* Adaptive will install its first flywheels with a total power of 500 kW in Ireland this fall.

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Version History

2017-04-18 16:46:19 - changed pitch to 'To achieve a low cost and efficient energy transition, new storage technologies are required. Adaptive Balancing...'

2017-04-18 16:46:15 - changed pitch to 'To achieve a low cost and efficient energy transition, new storage technologies are required. Adaptive Balancing...'

2017-04-18 16:46:11 - changed productpitch to 'Adaptive developed an unprecedented outer-rotor flywheel solution together with its own grid balancing software...'

2017-04-18 16:46:09 - changed productpitch to 'Adaptive developed an unprecedented outer-rotor flywheel solution together with its own grid balancing software...'

2017-04-18 16:46:06 - changed productpitch to 'Adaptive developed an unprecedented outer-rotor flywheel solution together with its own grid balancing software...'


Adaptive Balancing Power GmbH is ECO17 Award Nominee.




Website


Revenues

2017E:
1000000€

Fundraising

yes


Grants Raised

Summing up to plus 1 Mio. €.

Employees

11



Enviromental Impact

Each flywheel saves up to 140000 t of CO2 per year.



Awards

Winner Concept-Phase and Idea-Phase of the current Science4Life Energy Cup.
Finalist NEXT Economy Award 2016 - Energy
+ ...



Founded

2016 as GmbH



Team

Four Founders: Hendrik Schaede, Sebastian Golisch, Nicolai Meder, Christian Schäfer
* seven employees
* two consultants
* advisory board

Contact Person

Hendrik Schaede

Headquarter

Darmstadt, Germany