Economical Energy envisions a future where energy is abundant, affordable, and environmentally sustainable. Their mission is to lead the global transition to clean energy solutions through innovative technology development and implementation. Among their flagship products are EcoHoist and VIPER, aimed at revolutionising the mining industry and energy storage sector.

Economical Energy: Powering the Future with EcoHoist and VIPER

EcoHoist - Transforming Underground Mining

Economical Energy tackles the unique challenges of underground mining with their state-of-the-art vertical ore hoisting machine, EcoHoist. By utilising the VIPER technology, EcoHoist offers a compelling alternative to traditional skip hoisting methods, significantly reducing capital costs associated with shaft excavation. Their goal is to enhance the sustainability, efficiency, and cost-effectiveness of underground mining operations.

VIPER - Next-Generation Energy Storage

VIPER represents a significant advancement in long-duration energy storage technology, developed with a focus on affordability, scalability, and environmental sustainability. As renewable energy sources gain momentum, VIPER provides a reliable and sustainable solution for energy storage needs. Cheaper than conventional batteries and more scalable than pumped hydro, VIPER is poised to play a pivotal role in the global transition to clean energy.

Founded by Matthew, Economical Energy is driven by a passion for sustainable technology and a commitment to global decarbonisation efforts. Matthew's background in Mechatronic Engineering and Computer Science, coupled with his proven track record in designing and implementing innovative solutions, positions Economical Energy as a leader in the field. His vision is to accelerate the adoption of clean energy technologies worldwide, paving the way for a more sustainable future.

Economical Energy has garnered significant support, including investment from Shell's StudioX accelerator, highlighting the industry's recognition of their groundbreaking technologies. Additionally, they are in the process of finalising a collaboration with ABB, demonstrating their commitment to forging strategic partnerships to drive further innovation and growth.

Economical Energy is dedicated to advancing the transition to clean energy solutions through groundbreaking technologies like EcoHoist and VIPER. With a focus on affordability, scalability, and environmental responsibility, they are poised to lead the way towards a sustainable energy future.