Formula One Flywheel Storage Firm Receives Grant to Target Grid

Williams Advanced Engineering has been awarded a grant from the U.K.’s Department of Energy and Climate Change’s Energy Entrepreneurs Fund to develop flywheel-based energy storage systems for use in grid stabilization. Up to $24 million will be shared between 30 projects that have been awarded the grant under the first phase of the Energy Entrepreneurs Fund. The first application of the technology was in the highly competitive and extremely harsh environment of Formula One racing.

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