Teraloop
Teraloop is an innovative grid-scale energy storage system that can provide a future alternative to batteries by balancing the natural supply and demand variation of energy.
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (36 %) | (65 %) | (33 %) | (39 %) | (24 %) | (106 %) | - |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
Source: Company filings or news article
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Teraloop is an innovative energy storage solution provider based in Europe, specifically Finland. The company specializes in creating advanced storage systems tailored for applications that require frequent cycling, such as electric vehicle (EV) supercharging, uninterruptible power supplies (UPS), battery protection, wayside storage, and community energy needs. Teraloop operates in the renewable energy market, focusing on enhancing the efficiency and lifespan of energy storage systems.
Teraloop's business model revolves around developing and selling its proprietary energy storage solutions, which are designed to handle multiple daily cycles efficiently. The company generates revenue by providing these high-performance storage systems to a diverse range of clients, including EV charging stations, data centers, utility companies, and local communities. By improving the performance and longevity of batteries, Teraloop helps its clients reduce operational costs and enhance energy reliability.
The company has received significant support and funding from various prestigious organizations, including Business Finland and the European Horizon 2020 research and innovation program. Teraloop collaborates closely with the Finnish research agency VTT and other leading consultants and manufacturers to drive the development of its technology. The company's core engineering team comprises experts from over 11 different countries, including several doctoral and master's graduates, ensuring a broad range of skills and expertise.
Teraloop's flagship product is a hubless flywheel solution, which has been recognized for its high standards in profitability and efficiency. This technology is particularly effective for extending battery life, enabling fast EV charging, and optimizing microgrids. The company has also been awarded the Future Mobility Award for Sustainability, highlighting its commitment to creating environmentally friendly energy solutions.
Keywords: Energy Storage, EV Supercharging, UPS, Battery Protection, Microgrid Optimization, Renewable Energy, Flywheel Technology, Sustainability, Innovation, Finland.