- Raised $800k grant
About
SWAP developed a system that is capable to meet power demand especially during peaked hours. The system is not only stores energy but rather enable to dispatch it provided high economical gain by dispatching power between peaks to off peaks times. SWAP product is using air pressure to store and generate power. The system consists of several water and air tanks connected through feed pipes to hydro power turbine. The liquid pistons are displacing water against the force produced by the pressurized air tank or by a water pump through the cylinders, thus provides means for energy storage. The system has vast advantages: Low cost at $/KWh, efficient space usage low ground signature, modular system low to high power, high round trip efficiency, state of the art control system and an unlimited number of cycles at high rates.
Funding history · 1 round · $800K total
Q&A
- What is SWAP Technologies' primary business?
- SWAP Technologies develops Energy Storage Systems that use air pressure to store and generate power, designed to meet power demand during peak hours and enable dispatching power for economic gain.
- When was SWAP Technologies founded?
- SWAP Technologies was founded in September 2015.
- What is the current status of SWAP Technologies?
- SWAP Technologies is currently inactive, having ceased operations in September 2020.
- How much funding has SWAP Technologies raised in total?
- SWAP Technologies has raised a total of $800,000.
- Which investor participated in SWAP Technologies' funding round?
- The Israel Innovation Authority participated in SWAP Technologies' grant funding round.
- What is the employee count for SWAP Technologies?
- SWAP Technologies has an employee count in the 1-10 range.
- Who are the co-founders of SWAP Technologies?
- The co-founders of SWAP Technologies are Shay Cohen, Joshua Mesinger, and Or Yogen.
- What is SWAP Technologies' primary sector?
- SWAP Technologies' primary sector is Energy Tech.
Team · 3
Sectors & technology
Tags
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Identifiers & details
| Founded | 2015-9 |
|---|---|
| Employees (exact) | 6 |
| Offices | Caesarea |
| Status reason | Non Active, Sep 2020 ceased to operate |