ImpactConnect 1:1 will take place at the Impact Investment Summit. In a new format, it offers pre-arranged one-on-one meetings between investment managers and businesses, with sophisticated, wholesale and institutional investors, during the summit. In this series we’re introducing the funds and the business leaders presenting at the event, so stay tuned.
What does your business do, and who are your customers?
Green Gravity is a gravitational energy storage developer. We are developing a technology to repurpose legacy mine sites to establish large-scale renewable energy storage. Our customers are mine site holders and large energy retailers.
What’s the core problem you’re trying to solve?
We are trying to solve the problem of renewable energy dispatchability. Renewable energy is constrained by its production profile, meaning if the energy can be stored it can be used when it is most needed.
At what stage of commercialisation/growth is your technology solution?
Green Gravity is at technical demonstration phase and has early commercial partners engaged.
What’s in store for your business in 2023?
During 2023 Green Gravity will construct and commission an advanced R&D centre, commence mine site demonstrations and complete pre-feasibility study for our first commercial scale operation.
How can people invest? What’s the target cheque size?
We have a capital raise open and are currently negotiating a priced equity term sheet with a lead corporate investor.
We are unlisted and are seeking further investors in equity cheque sizes of >AUD$0.5M.