Green Gravity, an energy storage startup based in Wollongong, Australia, has expanded its operations to India by signing a Memorandum of Understanding (MoU) with TEXMiN, a Technology Translation Research Park. The partnership aims to explore the potential of gravitational energy storage systems in India’s network of underground mines. Green Gravity’s expertise in energy storage will be complemented by TEXMiN’s mining and engineering experience, which is based at the Indian Institute of Technology (Indian School of Mines) in Dhanbad.
The collaboration will involve comprehensive site assessments, technology validation, and design adaptations tailored to the Indian context. Green Gravity’s Founder and CEO, Mark Swinnerton, stated that the company’s demonstration activities in Australia have shown that the technology can transform mines into clean energy assets. With TEXMiN, the company will rigorously test and adapt these solutions for India’s unique geology, regulatory environment, and energy needs.
Green Gravity has previously announced a feasibility assessment for the commercial deployment of the technology at over 75 mineshafts, with a current deployment pipeline of 10 Gigawatt-hours (10 GWh). The company is well-positioned to deliver significant impact to the clean energy transition. This news follows the execution of a binding agreement with Wollongong Resources, which will host the world’s first deployment of the breakthrough technology at its Russell Vale site.
Green Gravity was established in 2021 and has been actively expanding its operations. The company opened an R&D site, the Gravity Lab, at the Port Kembla Steelworks in 2023. With its expansion into India, Green Gravity is taking a significant step towards establishing itself as a global player in the clean energy storage market. The company’s innovative technology has the potential to transform the energy storage industry, and its partnership with TEXMiN is an important step towards achieving this goal.
The partnership between Green Gravity and TEXMiN is expected to have a significant impact on the clean energy transition in India. With India’s growing energy needs and commitment to reducing its carbon footprint, the collaboration is timely and has the potential to make a significant contribution to the country’s energy sector. Green Gravity’s technology has the potential to provide a scalable and sustainable solution for energy storage, and its partnership with TEXMiN is an important step towards achieving this goal.