What they do: LightSail develops a new efficient way to store power during off peak hours using compressed air. In the past compressing air for energy storage and cycling wasted a lot of heat energy. LightSail’s innovation is a method to capture this heat and regenerate useful energy from it. Why it's a big deal: Power storage is key to the future of sustainable power. For decades power companies have used water cycling to store energy during off-peak hours and then recycle it during peak consumption. Compressed air has the potential to replace these antiquated energy storage systems but are currently too inefficient because of heat loss. If heat could be captured, stored and recycled, compressed air could completely replace water cycling and even battery storage. LightSail has developed a grid-scale system to cool and store this heat loss for reuse. Their system makes compressed air energy storage nearly twice as efficient - like a huge battery that can be used and recharged 24/7 365 days a year. It’s no wonder Peter Thiel and Bill Gates already invested.
Danielle Fong Chief Scientist @ LightSail Energy
Ask a Question0
Why you may want to support us...
$42.8 Million raised so far.
90% roundtrip thermal efficiency.
Each system stores 1.1MWhr worth of energy for recycling.
Investors include Bill Gates and Peter Thiel.
$42,800,000 since our founding
And Our Major Accomplishments
Danielle began her PhD at the Princeton Plasma Physics Lab when she was 17. She is responsible for the core thermodynamic innovation of LightSail.
Steve is an MIT and Caltech physicist and veteran of five start-ups with more than $1 billion in products shipped. He’s also a published author.
Edwin P. Berlin
Edwin is an MIT alum and Grumman Engineer of the Year. He founded Cubicomp and 3D pioneer where he invented the first realtime 3D display
The modern electric power grid has been called the largest and most complex machine in the world. In the United States alone, 3,200 utilities deliver $400 billion worth of energy a year to homes and businesses along 2.7 million miles of power lines.
"You can think of it as any other battery," said Travis O'Guin, LightSail's business development manager.
The company is funded by private investors, attracting financial backing from Bill Gates and Peter Thiel, among others.
However, compression produces a large amount of heat energy that is currently not used in the process. According to the Berkeley, California-based LightSail Energy, "Until now, this was wasted, drastically reducing efficiency."
In the longer run, optimists believe, batteries like these, or some equivalent technology, are the key to dealing with the problem not just of irregular demand, but of irregular supply. As the unit cost of solar and wind energy drops ever closer to that of power from fossil fuels, the fact that the wind does not always blow and the sun does not always shine becomes more and more irksome. It is not just the great power-gap that is night which matters.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 369 startups
Wefunder Advisors LLC
for 109 startups
for 3 startups
We are the largest funding portal for Regulation Crowdfunding.
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
XX was built by Wefunder to invest in 20,000 new founders by 2029. In all 50 states across America. Of all backgrounds.
XX Team LLC and XX Investments LLC are independent companies that license software from Wefunder Inc. Wefunder Inc is the parent company of Wefunder Advisors LLC, an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA. Wefunder Inc. and none of it's associated persons, board members, or officers have a financial interest in XX Team LLC or XX Investments LLC.
You may also view our Privacy Notice.