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 seed funding to advance 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 core technology utilizes hydraulic batteries (accumulators) to store energy, converting it into kinetic rotational energy that operates a hydraulic pump to store pressurized oil. This stored energy is then released on demand via a managed discharge mechanism into a hydraulic motor connected to a generator, producing electrical current. NRG Spring operates within the Energy Tech sector, focusing on climate tech, renewable energy, and automotive markets, and serves industries such as industrial manufacturing and renewable energy systems.
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- What is NRG Spring's primary technological innovation?
- NRG Spring has developed a proprietary technology that provides an energy storage system utilizing hydraulic batteries (accumulators) to store energy as pressurized oil, which is then converted back to electrical current on demand.
- When was NRG Spring founded and by whom?
- NRG Spring was founded in May 2015 by co-founders Avri Misgav, Yony Weiss, and Avi Bauer.
- What is the total capital raised by NRG Spring?
- NRG Spring has raised a total of $400,000 in funding.
- What are the key applications for NRG Spring's energy storage system?
- NRG Spring's system is designed for a variety of applications, including short-term grid stabilization, long-term bulk energy storage, and portable battery replacement.
- In which markets does NRG Spring operate?
- NRG Spring targets geomarkets across the Americas, Europe, Africa, and Asia with its energy storage solutions.