RCAM Technologies provides concrete solutions for renewable energy.
RCAM Technologies provides disruptive long-duration energy storage technology that integrates with offshore renewables to support high levels of renewable energy generation. Their M-PHES uses multiple large hollow concrete spheres on the seafloor to store mechanical energy in the form of pressure. They retain the benefits of conventional pumped hydro storage while vastly expanding potential deployment areas, shortening development time, and improving modularity.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jun 11, 2021 | Grant | $256K | 1 | National Science Foundation | — | Detail |
Investor Name | Lead Investor | Funding Round |
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National Science Foundation | Yes | Grant |