A Scottish energy storage start-up has announced it has been shortlisted to compete for a £90,000 prize at a Shell-organised competition in The Netherlands.
Gravitricity, a firm based in Edinburgh’s Leith area, will compete against six other companies to lift the top prize at the New Energy Challenge.
The competition is funded by Shell, among other firms.
Gravitricity, which currently employs six staff, has invented energy storage technology that uses gravity to store energy in purpose-built shafts.
To date the firm has received over £600,000 funding from InnovateUK.
Gravitricity, managing director, Charlie Blair, said: “We are up against six other firms and we expect the competition will be intense.
“There were over 300 entries initially and now we are in the final straight.
“This weekend we’ll begin with a few days of coaching and workshops in Delft before we showcase our project to a jury of experts in Amsterdam.
“We will know by the end of next week if we have won.”
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