NRG Spring
Energy Storage System
Company Overview
Snapshot
Founded in May 2015 by Avri Misgav, Yony Weiss, and Avi Bauer, NRG Spring operates with 1–10 employees. The company has raised $400,000 across one funding round. In June 2016, NRG Spring secured its seed funding, demonstrating early investor confidence in its energy storage technology.
Business overview
NRG Spring develops proprietary technology for energy storage systems applicable across various uses, from short-term grid stabilization to long-term bulk energy storage and portable battery replacement. The company's system converts energy into kinetic rotational energy to operate a hydraulic pump, storing energy as pressurized oil in hydraulic batteries. This stored energy is then released on demand via a managed mechanism into a hydraulic motor connected to a generator, producing electrical current. NRG Spring operates within the Energy Tech sector, serving markets in the Americas, Europe, Africa, and Asia, with a focus on B2B business models and applications in renewable energy systems and automotive industries.
Company Intelligence Q&A
- What is NRG Spring's core technology?
- NRG Spring has developed a proprietary technology that stores energy in hydraulic batteries (accumulators) by converting it into kinetic rotational energy, which operates a hydraulic pump to pressurize oil. This pressurized oil is then released to an hydraulic motor connected to a generator, producing electrical current.
- When was NRG Spring founded?
- NRG Spring was founded in May 2015.
- Who are the founders of NRG Spring?
- NRG Spring was co-founded by Avri Misgav, Yony Weiss, and Avi Bauer.
- What is the primary application of NRG Spring's energy storage system?
- NRG Spring's system provides energy storage for a variety of applications, including short-term grid stabilizers, long-term bulk energy storage, and portable battery replacement.
- What is NRG Spring's current product stage?
- NRG Spring's product is currently in the R&D stage, focusing on developing its proprietary energy storage technology for various applications.