🚨 The Grapevine is Buzzing: phelas Announces €4.1 Million Seed Financing Round 🚨 We are super proud to announce our successful closing of the seed round. Grateful for our leading partner E44 and the other participants; Axon Partners Group, Deutsche Telekom hub:raum Fund, BNV Partners, and our existing angel investors and others, accelerating our mission to make 100% renewable energy globally a no-brainer! And... we are only getting started 🔥. With the backing of our partners, we're ready to scale up Aurora to Megawatt Scale, deploy systems across the EU, and continue leading the charge toward a cleaner, greener future. Find the entire press release in the comments below 👇
phelas
Herstellung von Anlagen für erneuerbare Energien
Long Duration Energy Storage | Wind and Solar. All Day. Every Day.
Info
phelas develops the solution for the energy transition: An electricity storage system that is modular, mass-produced, cost-effective and safe. We help utilities, grid operators, industry, renewable energy developer & operators to provide renewable energy 24/7
- Website
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https://phelas.com
Externer Link zu phelas
- Branche
- Herstellung von Anlagen für erneuerbare Energien
- Größe
- 11–50 Beschäftigte
- Hauptsitz
- Munich
- Art
- Privatunternehmen
- Gegründet
- 2020
- Spezialgebiete
- Energy Storage
Orte
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Primär
Wegbeschreibung
Munich, DE
Beschäftigte von phelas
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Florian Steger
Venture Capital Investor & MD at Deutsche Telekom hubraum Fund GmbH
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Sharon Shacham
Co-Founder and Managing Partner at E44 Ventures | Founder at Karyopharm Therapeutics Inc | Board Member | Climate Tech | Israeli American Entrepreneur
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Jeff Glavan
Tech & cleantech advisor and investor
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Masoud Ghods
Chief Technology Officer/Co-founder
Updates
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🚀🔥 Welcoming Pascal to the team! 🔥🚀 Two weeks ago, Pascal Timmann joined our Business Development team for a summer internship until September. While pursuing his master’s in Sustainable Energy Systems, he’s bringing a wealth of knowledge to the table. 🌱💡 In Business Development, he will support with Market Intelligence and pinpointing emerging business opportunities for our Long Energy Duration Storage System. 📊🔍 When he’s not at uni or phelas, Pascal loves Calisthenics, Football, Hiking, and chilling at the beach. 🏋️⚽🥾🏖️
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🤔 Are you already using Levelised Cost of Storage (LCoS) to make tech decisions? ⚡ How do you factor in storage flexibility beyond just energy? 🌍 Are you considering ESG, space requirements, and safety? 📈 Can your LCoS analysis capture extreme market price scenarios? Check out Leon's post for all the details! 👉
𝐀𝐫𝐞 𝐲𝐨𝐮 𝐮𝐬𝐢𝐧𝐠 𝐋𝐞𝐯𝐞𝐥𝐢𝐬𝐞𝐝 𝐂𝐨𝐬𝐭 𝐨𝐟 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬? There are exiting times in the field of energy storage. More and more technologies are pushing to the market (so are we at phelas). While competition is great for the energy transition; utilities, renewable developer and integrators are facing an increasing number of options to choose from, risking to make suboptimal decisions. We often get asked about the Levelised Cost of Storage (LCoS) of different technologies. But giving an LCoS without providing the methodology and key assumptions is like giving a weather forecast without telling you the time and location. To navigate this complexity, established resources like the Lazard LCoS Report and "Monetizing Energy Storage" by Oliver Schmidt and Iain Staffell offer invaluable insights. By leveraging these trusted calculation methods, we provide transparency for our partners and customers, aiding informed decision-making across various use cases and technologies. While we love the LCoS for making the energy storage market more comparable, it also comes with essential downsides. 1) LCoS is focusing on the energy provided. However, Energy storage flexibility is more than just energy. Viable business cases stack successfully revenue from Ancillary and Capacity Markets, which are mainly power provision markets. 2) The LCoS focuses solely on economic parameters and misses ESG and other key parameters, such as space requirements, operational safety or maturity. 3) The LCoS does not provide information about value creation and ability to capture market prices. While a 4h Lithium system might have a better LCoS than a 12 hour LDES technology, one might better capture extreme price scenarios. Our Conclusion: It is important to have good grip on costs and the levelised cost of storage is an excellent tool to screen the market for viable solutions. However, it comes with the mentioned downsides. This is why we recommend techno-economic simulation of use cases to calculate the actual value creation for each technology Reach out for more!
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☀️ Sunny days at Intersolar ☀️ 🌲 As a Munich based company, the yearly event Intersolar was practically in our backyard, and a great opportunity for our team to get in touch with renewable energy companies from all over the world. 🤔 Surprisingly, the topic of co-location and Long Duration Energy Storage was merely a side topic during the event, despite the energy storage market being booming. 🙌 It emphasises the great opportunities ahead of us in developing our Aurora technology, facilitating wind and solar all day, every day. #Intersolar2024 #Munich #RenewableEnergy #EnergyStorage #CleanEnergy #SustainableFuture #TechInnovation
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🔍 Can you guess the meaning behind our new logo? phelas is all about making wind and solar energy a no-brainer for everyone. Our new logo is more than just a visual update – it's a powerful symbol of this mission for a greener future. Here's a closer look: ➡️ Four arrows converge, forming a container that represents stability and reliability. ⚡ Two arrows come together to form an energy bolt, embodying the dynamic essence of energy. 🌿 The combination of shapes creates a unique metaphor for energy storage, crucial for a sustainable future. Join us in celebrating this milestone as we continue to push towards making renewable energy accessible and efficient for everyone! 🚀 #phelas #NewLogo #RenewableEnergy #Sustainability #Innovation #EnergyStorage
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🚀 Exciting times at the Sustainability Day of Technische Universität München Our cofounder Justin joined #TUM #SustainabilityDay, discussing capital for climate startups with Mario Fernandez from #BreakthroughEnergy. 🙌 Thanks, TUM Venture Labs!
Yesterday at #TUM #SustainabilityDay I had a great workshop with #BreakthroughEnergy’s Mario Fernandez with Munich’s climate startups on unlocking cheaper capital for Demos and FOAKs. Thanks to TUM Venture Labs for facilitating this! Afterwards, as part of the TUM speaker series, I had an elevator pitch on stage with Nico Rosberg in front of the students to pitch how we’re working on making phelas’ vision reality - making 100% renewable energy globally a no-brainer. It was a blast !💥 thanks Nico Rosberg for your work and your great questions on stage! #NicoRosberg
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🚨 New team member alert: Aline 🚨 We're excited to welcome Aline Brede, who joined us as an intern in May. She is currently pursuing a Bachelor’s degree in Economics and Philosophy at the University of St. Andrews in Scotland, but came all the way back to Munich to support us for some months! From finances to event planning, to re-branding activities, she enjoys taking on work in many different fields. We are glad to have her dynamic energy on board. Outside of work, Aline enjoys playing golf ⛳️, being in the first Bundesliga team, and running 🏃🏻♀️. 👋 Let's give Aline a warm welcome!
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🌟 Say hello to our new brand identity! After months of intensive collaboration with our branding partner, Kreatives, it is finally here: a new look for phelas. ✨ Not only a shiny logo, but also a whole brand-identity highlighting many different aspects of what we as phelas are and want to show to the world. 🌍 We are incredibly happy with the results of a more mature, sleek, and yet still playful logo. 🎨😊 #WelcomeNewphelas #BrandUp 🚀💼
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🌞 The sunny news is almost here! 🗓 In just 2 days, we’ll finally unveil the project we've been working on over the past month. 🙌 Trust us, it’s worth the wait! #phelascountdown #bignews
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🔎 What challenges do future technical curtailment patterns pose for renewable energy profitability? 🙌 Uncover our new findings on the causes of technical curtailment and how we anticipate and prepare for future impacts on renewable plants.
🌍 𝐇𝐨𝐰 𝐝𝐨 𝐟𝐮𝐭𝐮𝐫𝐞 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥* 𝐜𝐮𝐫𝐭𝐚𝐢𝐥𝐦𝐞𝐧𝐭 𝐩𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐚𝐟𝐟𝐞𝐜𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐚𝐩𝐭𝐮𝐫𝐞 𝐫𝐚𝐭𝐞 𝐨𝐟 𝐦𝐲 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐚𝐬𝐬𝐞𝐭? 🌬️☀️ Due to the lack of grid data and experience on this topic it is really dificult to anticipate future impact of this on existing and new renewable plants. The resulting impact of technical curtailment is highly influenced by many factor such as 1. Local Grid Capacity and Expansion Plans: 🏗️ The ability of the grid to handle generated power. 2. Temperature: 🌞 Especially in solar-dominated regions, curtailment mainly occurs in the early afternoon due to higher temperatures, which reduce transmission capacity. 3. Renewable Energy: 🌱 The amount of wind and solar power and expansion plans in the region. This affects whether we see a wind or solar-dominated curtailment pattern. 4. Local Demand: 📈 Rising decentralized energy demands at specific nodes often reduce curtailment impact. We translate these scenarios into quarter-hourly relative curtailment patterns to assess their impact on the daily operations of renewable assets. This granular approach provides a detailed understanding of how curtailment affects market capture rates and operational efficiency. *We differentiate between technical curtailment, caused by physical grid limitations or restrictions set by grid operators, and economic curtailment, which occurs due to negative or zero wholesale market prices. 🔍 Stay tuned as we continue to innovate and provide insights that help optimize the performance and profitability of renewable energy assets.
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