# Green Gravity

**Source:** https://www.startuphub.ai/startups/green-gravity
**Profile type:** Startup

> Green Gravity develops a long-duration energy storage solution using gravity and abandoned mine shafts to store and dispatch renewable energy.

## About

Green Gravity is an Australian startup that has developed a novel long-duration energy storage technology. Their system utilizes the gravitational potential energy of heavy weights lowered into disused mine shafts to store excess renewable energy and release it back into the grid when needed. This approach offers a sustainable and cost-effective solution for grid-scale energy storage, leveraging existing infrastructure.

## Key facts

- **Slug:** green-gravity
- **Website:** https://greengravity.com/
- **Location:** Wollongong, Australia
- **Founded:** 2022-01-01
- **Employees:** 25
- **Operating status:** Active
- **Total funding:** $10M
- **Sectors / tags:** Clean Energy, Energy Storage, Gravity Energy Storage, Renewable Energy, Climate Tech, Grid-Scale Energy Storage, Sustainable Infrastructure, Mining Repurposing
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/green-gravity
  - Twitter: https://twitter.com/GreenGravityAU
  - Facebook: https://www.facebook.com/GreenGravityAU

## Frequently asked

### What does Green Gravity do?

Green Gravity is an Australian startup that has developed a novel long-duration energy storage technology. Their system utilizes the gravitational potential energy of heavy weights lowered into disused mine shafts to store excess renewable energy and release it back into the grid when needed. This approach offers a sustainable and cost-effective solution for grid-scale energy storage, leveraging existing infrastructure.

### What is Green Gravity's revenue?

StartupHub estimates Green Gravity's annual revenue at $6.3M (range $3.5M to $21.7M, 65% confidence), based on comparable companies in the sector.

### What is Green Gravity's valuation?

StartupHub estimates Green Gravity's effective valuation at $37.8M (range $25.0M to $60.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Green Gravity raised?

Green Gravity has raised a total of $10M in funding. The most recent round on record is Seed.

### Where is Green Gravity headquartered?

Green Gravity is headquartered in Wollongong, Australia.

### When was Green Gravity founded?

Green Gravity was founded in 2022.

### What industry does Green Gravity operate in?

Green Gravity operates in Clean Energy, Energy Storage, Gravity Energy Storage, Renewable Energy, Climate Tech, Grid-Scale Energy Storage.

### How many employees does Green Gravity have?

Green Gravity has approximately 25 people on record.

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