A solid technology (no pun intended), advancing closer to market. Well done Green Gravity!
Green Gravity announces closure of capital raise. Green Gravity has secured strong backing from existing and new major strategic investors and welcomes HMC Capital, BlueScopeX, Pacific Channel and Sumisho Coal Australia Holdings (a wholly owned subsidiary of Sumitomo Corporation). Andrew Garey, Partner at BlueScopeX, said “Firmed renewable energy will be a critical part of decarbonising many industries, including steel. We are really excited to partner with companies like Green Gravity on the journey of scaling reliable, low-cost firming technologies.” Marny Reakes, Venture Partner at Pacific Channel, said “We're delighted to be investing in Green Gravity. As a leading Asia-Pacific fund management firm, we recognise the benefit of their technology to provide low-cost energy storage and repurpose legacy mine sites, that aligns with our commitment to supporting clean tech advancements.” Our ongoing partnership with M2P Engineering, a leading Australian-owned Engineering, Construction and Maintenance company demonstrates traction for the delivery capability for the technology at the next stage of development.