Africa Prize Investor Community Event Profiles
Orlorunfemi Jacob Azundah, Nigeria
HydroGravity Energy
Hydrogravity Energy is a mechanical energy storage system that stores and generates electricity using the gravitational potential energies of water and solid weight materials in free fall.
Hydrogravity Energy solves the problems of poor energy efficiency, short duration and low energy storage factor of energy storage technologies.
The technology uses the gravitational potential energies of water and solid weight materials under gravitational force to store and generate electricity in an efficient and cost-effective way. Energy is stored by raising only the solid weight materials to a higher height. The gravitational potential energy of the water is activated by lowering the solid weight materials. Hence, the need to pump water into a top storage tank is eliminated, making it possible to achieve higher efficiency, higher energy storage and longer duration. In addition, a High-Density Fluid R-19 can be substituted in the stead of water to generate ever higher efficiency and storage.
The technology has over 180% efficiency, which makes possible a business model whereby electricity can be bought when cheap, when demand is low, and sold back to the grid at a very affordable price when demand is high. There are two main incumbent energy storage technologies; namely, lithium-ion battery and pumped-storage hydropower. Lithium-ion batteries being the primary incumbent energy storage technology can easily be deployed and has the advantage of rapid response to peak power demand and over 90% efficiency. Pumped-storage hydropower on the other hand has longer duration with 80 – 85% efficiency and provides fast response when compared to thermal plants and has a higher storage capacity.
A hydrogravity energy of the same size with the two incumbent energy storage technologies produces two times more energy than they when compared individually. The technology will aid us on the path to exponentially accelerate our achievement of a net zero society by 2050 by abating over 500 million tons of carbon emissions annually.