HV principal Maxi Pethö-Schramm added that long-duration energy storage (LDES) is essentially for meeting the future energy demands of AI data centres “while providing European industry with affordable, reliable baseload power.”
“Only then will Europe have the means to compete in the complex, energy-intensive sectors that will define the continent’s future,” Pethö-Schramm said.
The technology is similar in principle to the iron-air batteries developed across the Atlantic by US startup Form Energy, which emerged from stealth mode in mid-2021. Form’s technology also uses the reversible rusting of iron as the core storage mechanism.
Trading off RTE for cost
Like Form, Ore Energy claims its battery is made using only abundant, low-cost materials, with the principal ingredients being iron, water and air. Both companies claim their batteries can therefore be manufactured using local supply chains almost anywhere in the world and are decoupled from existing lithium battery supply chains.
