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Form Energy (formerly Baseload Renewables)
STEX25
Active dates:
May 1, 2018 - May 1, 2018
STEX25
STEX25 Participation:
May 1, 2018 - October 31, 2019
Company information
Contact
Greentown Labs, 28 Dane Street
Somerville
,
MA
02143
United States
http://www.engine.xyz/founders/baseload/
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Elevator Pitch
Elevator Pitch
Baseload Renewables, developing ultra low-cost energy storage to replace fossil baseload generation with renewable energy to successfully reduce carbon on a global level.
Description
Description
Baseload Renewables has a simple but hugely ambitious goal: to enable renewable energy to replace fossil fuels as baseload electric power. Yet-Ming Chiang started with the end in mind, knowing that the eventual solution would have to be incredibly cost-effective in order to scale on a global level. He started with the functions of the current energy baseload and moved backward. The company is planning a wholesale replacement of the whole grid, removing carbon from the equation. When you imagine a 24-hour period, the energy grid currently demonstrates some peak generation and then some energy below that, known as the baseload.