Battery storage is transforming global energy systems, offering a reliable solution to storing and managing renewable sources of electricity. As solar and wind energy become prevalent, efficient storage solutions ensure steady power, supporting a resilient and adaptable energy grid. Ampd Energy has made notable advancements with its Entertainer and Ampd Silo™ battery energy storage systems (BESS), designed to meet the energy demands of heavy industries, including construction, mining, and manufacturing.
Battery storage systems capture energy and store it for later use, helping balance the energy supply when generation is low or demand surges. Ampd Energy utilizes high-capacity lithium-ion batteries known for their scalability and affordability in its battery solutions. Emerging technologies such as solid-state and flow batteries, as well as sodium-sulfur batteries, are promising options in the sector, and they contribute to energy stability across small—and utility-scale installations.
Battery storage systems are pivotal for renewable energy integration, balancing the intermittency inherent in solar and wind energy. Ampd Energy’s systems reduce reliance on fossil fuels by storing excess renewable energy and making it available during peak demand. With over 300 smart battery units deployed across seven countries, Ampd Energy has eliminated more than 69,000 tons of CO₂—equivalent to removing 88,000 cars from the road.
This deployment underscores the significance of storage solutions in decarbonizing sectors like construction, where the International Energy Agency (IEA) estimates that the building and construction industry consumes 30% of global energy and produces 27% of total emissions.
Battery storage offers multifaceted benefits:
Ampd Energy has secured $27.3 million in Series B funding, co-led by Kibo Invest and Openspace, with continued support from existing investors such as MTR Lab, Taronga Ventures, and 2150. The funds will support Ampd Energy’s expansion into mining and manufacturing sectors by 2025 and target new regions, including Europe, the Middle East, Southeast Asia, and the United States.
Kibo Invest’s CEO, James Marshall, praised Ampd Energy’s strategic growth plan: "Their commitment to excellence resonates with our investment philosophy. We’re excited to support Ampd Energy’s expansion into new markets and industries.”
Openspace Partner Jessica Huang Pouleur added, “Ampd Energy is just beginning to realize the full potential of their storage solutions, and we’re thrilled to support their journey towards a diesel-free future.”
While the market for battery storage is promising, the technology faces challenges. While popular, lithium-ion batteries rely on resources like lithium and cobalt, which raise environmental and ethical concerns. Additionally, advancements in battery technology, including longer-lasting and faster charging systems, are anticipated to drive down costs and increase adoption.
Ampd Energy’s expansion across industries and geographies highlights the growing demand for reliable, sustainable energy storage solutions. With global energy needs rising and climate goals pressing, battery storage is a cornerstone of future energy infrastructure.
