{"_id":"cPme6WO1VVucJR9dHT0lmQb2QVcYXDicqZzMOMh8H9SE7OXLqiaigu","lastupdate":"2023-04-19T00:00:00.000Z","update_date":"2023-04-19T00:00:00.000Z","lastModified":"Jun 30, 2024","active":1,"confidence_score":90,"confidence_score_reason":"markets, not claimed","urlname":"baromar","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$s8qR93ijxTxnM9vY2EeKgIvdyS7bnmxc8M9oObvmrD6qplRh3ia680","name":"Baromar","oneliner":"Underwater Energy Storage","registrar":"516517190","website":"https://www.baro-mar.com/","careerspage":"","founded_month":1,"founded_year":2022,"formernames":[],"sociallinks":{"twitter":"","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/64025199","instagram":""},"social":["https://www.linkedin.com/company/64025199"],"flattenedsociallinks":"https://www.linkedin.com/company/64025199","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"1-10","employees_exact":9,"patent":1,"raised":0,"stage":"A","public_stage":"A","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Ifev64KDA","primary_sector":"Energy Tech","alternativenames":null,"about":"Baromar has developed a solution to store compressed air in large and rigid structures that are anchored to the seabed. The system utilizes hydrostatic pressure on the sea base and proven CAES technologies to create a storage system that is both economically and operationally efficient, setting it apart from other storage systems.","climatetech_description":null,"is_climatetech_relevant":0,"phone":"+972-538223034","country":null,"address":{"israeli":[{"id":"uyTO90VVRFcnUOCj98OSjpAIi9iBDrbDCXodwYz4h7tdL4tPOuLFV1","city":"Kfar Monash","type":null,"address":"Kfar Monash, Israel","placeid":null,"notactive":null,"openeddate":null,"registrarid":null,"firstrdcenter":null,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":null,"news":[{"id":"6hB07b2C2kuA9BJDDiqo00OUPrNS86P3XHkcW5oeKmOsPoYJgUYibX","date":"May 13, 2024","link":"https://www.iflscience.com/new-sea-bed-batteries-could-provide-cheaper-energy-storage-74182","source":"www.iflscience.com","visible":1,"analysis":{"tags":"Renewable Energy, Energy Storage","company":"BaroMar","layoffs":"Not mentioned","summary":"Energy storage company BaroMar is testing a new grid-level energy storage system that uses water. The system, a compressed air energy storage (CAES) alternative, could provide a cheaper way to stabilize renewable energy over longer periods. The technology for CAES has been around for about 40 years and is a cost-effective way to store energy and ensure grid stability. BaroMars approach involves setting up plants near coastlines with access to deep water, replacing the high-pressure tanks used in traditional CAES with large concrete and steel tanks submerged in the sea. The company is preparing a pilot project in Cyprus with Jacobs.","partners":"Jacobs","customers":"Not mentioned","investors":"Not mentioned","confidence":8,"key_topics":["Zero-Carbon Energy","Energy Storage","Compressed Air Energy Storage","Renewable Energy","Pilot Project"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":"Investment, Expand","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment, Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"9kQFWTjIUAXLOiG76sfY3AKVD2OBBcSP8L0lG08VY9tbmD5UA53d5t","news_summary":"New Seabed Batteries Could Provide Cheaper Energy Storage","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"ET1qwaIu5QzwQvExjK94nRbekZBADy0ljfvEwcPasdM3llYyJgf78v","date":"May 9, 2024","link":"https://www.jacobs.com/newsroom/news/jacobs-support-baromar-long-duration-underwater-energy-storage-pilot","source":"www.jacobs.com","visible":1,"analysis":{"tags":"Energy Storage, Sustainability","company":"Jacobs, BaroMar","layoffs":"Not mentioned","summary":"Jacobs has been appointed by BaroMar to develop the preliminary design for a first-of-its-kind underwater large-scale, long-duration energy storage pilot project off the coast of Cyprus. The project aims to demonstrate the practical application and scalability of new technology that is simple, efficient, cost-effective and environmentally friendly. The technology helps address the challenges of relying on intermittent renewable sources such as wind and solar and the significant capital costs of supporting infrastructure. The pilot project represents a significant advancement in BaroMars mission to address the growing demand for sustainable energy solutions in Europe and beyond.","partners":"BaroMar","customers":"Not mentioned","investors":"Not mentioned","confidence":9,"key_topics":["Energy Efficiency","Subsea Storage","Renewable Energy","Sustainability","Innovation"],"date_of_event":"May 2, 2024","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Partners"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"V7twnOZWKqEWEyBxdp0ljMIwoL2gt41TLarB9oWvbjczSfrg8D9F4U","news_summary":"Jacobs to Support BaroMar with Long-Duration Underwater Energy Storage Pilot","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"AH1Gx3OcfwD7rsWz1szEoHczPQ4gBba9rHqjmSbzFl7aFMKKK9ApVT","date":"May 9, 2024","link":"https://ecoinventos.com/baromar/","source":"ecoinventos.com","visible":1,"analysis":{"tags":"Energy Storage, Sustainability","company":"BaroMar, Jacobs","layoffs":"N/A","summary":"Israeli company BaroMar, in collaboration with Jacobs, is developing a large-scale, long-duration underwater energy storage system. The pilot project, located off the coast of Cyprus, aims to demonstrate the practical application and scalability of this new, environmentally friendly technology. The system is based on mature energy and marine technologies, combined with the hydrostatic pressure of seawater, which allows for reduced installation costs. The project aims to achieve a full cycle efficiency of up to 70%, making it a reliable solution for addressing the challenges posed by intermittent renewable sources, such as wind and solar energy.","partners":"Jacobs","customers":"N/A","investors":"N/A","confidence":8,"key_topics":["Energy Storage","Sustainability","Innovation","Cost Reduction","Renewable Energy"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Partners, Expand","acquisition_amount":"N/A","structuredIssuesShow":"#Partners, Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"vTWil5YMe7D2DXDQWQAcplfwjIlRF5uyP7YzL7wpUb7Nt76Y4cP4vT","news_summary":"BaroMar: El Sistema De Almacenamiento De Energía Submarino En Aire Comprimido Que Dicen Alcanza Una Eficiencia De Hasta El 70%","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"rkdWos7akB5qSxpYE1D7q3GgVgeVvYiyVGonHJ2Ywkod4sdfCnO0EA","date":"May 9, 2024","link":"https://vosveteit.zoznam.sk/ambiciozny-projekt-podmorskej-baterie-sa-rozbieha-pomoze-baromar-svetu-prejst-na-obnovitelnu-energiu/","source":"vosveteit.zoznam.sk","visible":1,"analysis":{"tags":"Renewable Energy","company":"BaroMar","layoffs":"N/A","summary":"BaroMar has partnered with Jacobs to develop a unique underwater battery concept. The battery, known as a Compressed Air Energy Storage (CAES) battery, would be placed at the bottom of the sea and use air to store energy. The battery is essentially a large concrete-steel tank filled with rocks to keep it submerged at depths of 200 to 700 meters. The tanks are located near a solar or wind power plant. When the plant produces excess energy, it is compressed into the tanks as air. The air is then released back into the system to power a generator when energy is needed. The first CAES tank design is planned to be located near the coast of Cyprus.","partners":"Jacobs","customers":"N/A","investors":"N/A","confidence":8,"key_topics":["Renewable Energy","Battery Technology","Partnership","Climate Change","Innovation"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Partners","acquisition_amount":"N/A","structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"OSpSm4WA5EUD0aV4pYlSVa4AzPk4XDrqzdM5sQvFv7ijGwGnn1HgQc","news_summary":"Ambiciózny projekt podmorskej batérie sa rozbieha: Pomôže BaroMar svetu prejsť na obnoviteľnú energiu?","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"ixffxbPOtzS1KEhF6laACMxo7WvAaSVCs9xZ8adwc6w8ANPa62BI14","date":"May 9, 2024","link":"https://www.neozone.org/innovation/baromar-un-systeme-de-stockage-denergie-sous-marin-a-air-comprime-atteignant-un-rendement-de-70/","source":"www.neozone.org","visible":1,"analysis":{"tags":"Energy Storage, Partnership","company":"BaroMar","layoffs":"N/A","summary":"Israeli company BaroMar is planning to test a Compressed Air Energy Storage (CAES) system that could store excess energy from solar or wind farms in large underwater tanks. The system, developed in partnership with engineering firm Jacobs, is expected to have an efficiency of around 70%. BaroMar aims to produce low-cost energy with its CAES system by using inexpensive materials such as concrete and steel in the construction of the tanks. The company has signed a partnership with Jacobs for a pilot project in Cyprus.","partners":"Jacobs","customers":"N/A","investors":"N/A","confidence":8,"key_topics":"Compressed Air Energy Storage, Renewable Energy, Underwater Storage, Efficiency, Cost Reduction","date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Partners, Expand","acquisition_amount":"N/A","structuredIssuesShow":"#Partners, Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ytwObEbdcwVCpC7HZEqMoecrhzpJjU1jkPOG9tqfsGnygSTImygutD","news_summary":"BaroMar : un système de stockage d'énergie sous-marin à air comprimé atteignant un rendement de 70 %","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"S7HwKFiUdgmTsEiaGZG3H7pDFPdd3qWwdAt3J7oGjJArFQdsQHlMQG","date":"May 8, 2024","link":"https://www.energy-storage.news/novel-ldes-long-duration-energy-storage-projects-from-baromar-and-rheenergise-in-cyprus-uk/","source":"www.energy-storage.news","visible":1,"analysis":{"tags":"Energy Storage, Decarbonisation","company":"BaroMar, RheEnergise","layoffs":"NA","summary":"BaroMar is developing a 4MWh compressed air energy storage (CAES) project that stores compressed air in large rigid tanks on the seabed. The company claims that its underwater solution bypasses the main regulatory and geographical constraints of conventional CAES on land. Meanwhile, RheEnergise is building its first large-scale long-duration energy storage (LDES) project at Sibelco’s mining operations at Cornwood. The companys high-density pumped hydro energy storage (PHES) project will help Sibelco in decarbonising its operation. The project is supported by the UK government’s Longer Duration Energy Storage (LODES) Demonstration Programme.","partners":"Sibelco, UK government, Devon County Council","customers":"Sibelco","investors":"UK government","confidence":8,"key_topics":["Compressed Air Energy Storage","Hydro-Energy Storage","Decarbonisation","High-Density Fluid R-19","LODES Demonstration Programme"],"date_of_event":"NA","valuation_amount":"NA","impact_on_company":"growth-positive","investment_amount":"NA","structured_issues":"Investment, Partners","acquisition_amount":"NA","structuredIssuesShow":"#Investment, Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Zqmwr5qzN3QAp4ux1WT4lCthQxutWEkrWyPlUIuaFSwiQWYHcVmhPN","news_summary":"Underwater CAES and ‘high density PHES’ projects launched by BaroMar and RheEnergise in Cyprus, UK","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"RnN1UUdcBMmekUN8EFnwwPyvPO1bPosM6A2OMx8FxNiDUy3seDo9My","date":"May 5, 2024","link":"https://cleantechnica.com/2024/05/05/long-duration-energy-storage-from-thin-air-just-add-water/","source":"cleantechnica.com","visible":1,"analysis":{"tags":"Renewable Energy, Energy Storage","company":"BaroMar","layoffs":"Not mentioned","summary":"Cyprus is trialing a new large-scale, long-duration compressed air energy storage system developed by Israeli startup BaroMar. The system leverages the water pressure of the ocean for maximum effectiveness. The tanks are designed for use at coastal areas and islands adjacent to deep water and are constructed on shore, using marine-proven concrete and steel, then towed into place. The engineering firm Jacobs has been selected to produce the preliminary design for the Cyprus project. The goal is to help Cyprus reach 100% renewable energy by 2030.","partners":"Jacobs","customers":"Renewable energy producers, large scale energy consumers, governments","investors":"Not mentioned","confidence":8,"key_topics":"Renewable Energy, Energy Storage, Compressed Air Energy Storage, Cyprus, BaroMar","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":"Investment, Partners","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment, Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"SwsXMJ1GbyOOzzZhvaEJ0E6qJdh4TxgLsF4tCzA3ld6EFwBNd2b6o4","news_summary":"Long Duration Energy Storage From Thin Air: Just Add Water","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"kCeqQNCvupVGI56dxSWkgUR3hqNAoUIgUm5Wcf09VPhCPdRUzRCYFO","date":"May 3, 2024","link":"https://www.azocleantech.com/news.aspx?newsID=34839","source":"www.azocleantech.com","visible":1,"analysis":{"tags":"Partnership, Energy Storage","company":"BaroMar","layoffs":"N/A","summary":"Energy storage innovator BaroMar has announced a strategic partnership with global infrastructure and technology solutions leader Jacobs. The partnership will focus on the development of a preliminary design for an underwater large-scale, long-duration energy storage facility off the coast of Cyprus. The project aims to address the increasing global demand for green energy solutions and the need for a constant supply. Jacobs will complete the preliminary design and proof of concept and will play a crucial role in the design of BaroMars inaugural pilot project in Cyprus.","partners":"Jacobs","customers":"N/A","investors":"N/A","confidence":9,"key_topics":"Energy Storage, Partnership, Green Energy, Innovation, Sustainability","date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Partners, Expand","acquisition_amount":"N/A","structuredIssuesShow":"#Partners, Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"WphoZ4xe8rWPOfdRdlcpbwJ1acftcaKK218UllEiK9m1I3GEn2yBhC","news_summary":"Jacobs and Baromar to Unlock Cost-Effective Electricity With Launch of Underwater Energy Storage Project","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"Lnqe5rUq5UCevsQ7c00lsLJUnvl84ZjH4GOubwAILr74bDb13aiNbj","date":"May 3, 2024","link":"https://www.theengineer.co.uk/content/news/baromar-selects-jacobs-for-energy-storage-pilot/","source":"www.theengineer.co.uk","visible":1,"analysis":{"tags":"Energy Storage","company":"BaroMar","layoffs":"Not mentioned","summary":"Israeli energy storage start-up BaroMar is developing a technology that uses the hydrostatic pressure of seawater to store energy. The technology involves storing compressed air in large rigid tanks on the seabed, which can be released to generate electricity when needed. The company claims the system has low installation costs and a round-trip efficiency of up to 70%. The technology is designed to address the challenges of relying on intermittent renewable energy sources and the capital costs of supporting infrastructure. BaroMars CEO, Yonadav Buber, said the technology is a sustainable, environmentally friendly and scalable solution that can help achieve net zero ambitions.","partners":"Not mentioned","customers":"Not mentioned","investors":"Not mentioned","confidence":8,"key_topics":["Energy Storage","Renewable Energy","Technology","Marine Engineering","Net Zero Ambitions"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Investment"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"e4S5cnOQt0GGnzObrWp8JmeRovsg6MfczOygwjKNBH2GkrAq7G3zhT","news_summary":"BaroMar selects Jacobs for energy storage pilot - The Engineer","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"yEHPIMr93lQw1jMp6Hs90EjnEFrL9CAD0lEzN46tj75Wbfz1z5F1aN","date":"May 2, 2024","link":"https://uk.marketscreener.com/quote/stock/JACOBS-SOLUTIONS-INC-13160/news/Jacobs-to-Support-BaroMar-with-Long-Duration-Underwater-Energy-Storage-Pilot-46606579/","source":"uk.marketscreener.com","visible":1,"analysis":{"tags":"Energy Storage, Sustainability","company":"Jacobs","layoffs":"N/A","summary":"Jacobs has been hired by BaroMar, an energy storage innovation company, to develop the preliminary design for an underwater large-scale, long-duration energy storage pilot project off the coast of Cyprus. The project aims to demonstrate the practical application and scalability of new technology that is efficient, cost-effective and environmentally friendly. The technology helps address the challenges of relying on intermittent renewable sources such as wind and solar. The pilot project represents a significant advancement in BaroMars mission to address the growing demand for sustainable energy solutions in Europe and beyond.","partners":["BaroMar"],"customers":"N/A","investors":"N/A","confidence":9,"key_topics":["Energy Storage","Sustainability","Renewable Energy","Underwater Storage","Innovation"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Partners"],"acquisition_amount":"N/A","structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"K7Kcy0zxXNLMOfS7tgwqZHdfDnKS7U6bm0S3u1txwhQmdzPA3VkN6r","news_summary":"Jacobs : to Support BaroMar with Long-Duration Underwater Energy Storage 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