Nottingham, Nottinghamshire, UK — Cheesecake Energy Limited (CEL) today announced it has received investment from the University of Nottingham to support UK-wide pilot programmes for the company’s energy storage solution.

The new funding is part of a continuing partnership between the University of Nottingham and Cheesecake Energy and represents a ‘vote of confidence’ in the potential of the company’s breakthrough technology.

Cheesecake Energy Limited is a fast-growing startup developing energy storage at 30-40% lower cost than the current market leader, lithium-ion batteries. Its system uses compressed air and thermal energy storage to achieve high efficiency, long lifetime and dramatically lower environmental impact.

Founded in 2016, the company has already established itself within the Nottingham, and wider East Midlands energy ecosystem — having secured initial interest from local councils and bus services for pilot programmes. The company is currently designing a 150 kW / 750 kWh prototype system for completion in Q2 2021 which will be deployed with a local council depot for charging of electric vehicles using renewable energy.

Commenting on the investment, Cheesecake Energy’s CEO Mike Simpson said: “We’re delighted that the University of Nottingham shares our belief in the potential of the CEL technology and is continuing to show climate leadership by investing to help us deliver affordable and sustainable energy storage.”