GET A PIECE OF GRAVITY POWER
A Revolution in Energy Storage
$159,493.28 Raised
REASONS TO INVEST
INNOVATIVE TECHNOLOGY: Our energy storage technology lowers levelized costs and minimizes environmental impacts, leveraging existing fossil fuel industry infrastructure for a cleaner future.
INDUSTRY RELATIONSHIPS: We have key relationships with industry leaders including Stantec, the Robbins Company, and Computerized Analysis & Simulation Ltd to move our product toward commercialization.
EXPERIENCED LEADERSHIP: We are led by a team of experts with decades of experience as innovators in clean energy, engineering, and entrepreneurship.
the pitch
The world needs a scalable clean energy solution. Our energy storage technology enables the widespread adoption of renewable energy while minimizing environmental impact and maximizing efficiency. Gravity Power holds 4 patents across 20 countries, has partnerships with global industry leaders, and is ready to move to commercialization in this $1 trillion market.
Overview
Scalable Energy Storage Critical to Stopping Climate Change
We are designing Gravity Power plants to turn unpredictable renewable energy into reliable, peak-period power. We believe that once commercialized, we can increase the value of renewable energy from 3-6¢ (for "as-available" renewable energy or for "base load" resources) to 15-20¢ per KWh (Source). With pumped storage unable to meet the global need for energy storage globally, we are ready to meet the $1 trillion demand for energy storage with our highly efficient and eco-friendly technology. Join us as we build the future of clean energy.
The Problem & Our solution
Efficient, Eco-Friendly, and Easily Executed
Currently, pumped storage hydroelectric dominates the energy storage market, with 94% of the market (Source). However, pumped storage is increasingly out of reach for customers, as it is difficult and time-consuming to deploy, while being land-inefficient and environmentally controversial. As a result, pumped storage is not being adopted at the necessary scale to meet the market’s needs and "decarbonize" the electric grid.
We are meeting the market demand for energy storage with technology that lowers costs, raises efficiency and minimizes environmental impacts. Gravity Power makes it straightforward to obtain permits and sites, delivering the same compelling customer value proposition as pumped storage while being highly scalable for global adoption.
the market & Our Traction
Strong Partnerships in a Fast-Growing Industry
The demand for energy storage is projected to be over $1 trillion, driven primarily by the rapidly worsening climate crisis (Source). The recently passed Bipartisan Infrastructure Law contains $505 million in funding to support the development and deployment of energy storage technologies (Source).
We have formed key strategic partnerships with companies such as Stantec, one of the top 10 engineering firms worldwide. Our technology has been verified by numerous third party experts, including Stantec, BabEng, and Hochtief. Most recently, we have agreed to conduct a joint R&D program with the Robbins Company, the pioneer of the tunnel boring machine.
Global Patent Protection
Why Invest
Join the Energy Solution of the Future
We developed vetted technology that promises to create a more efficient, implementable, and eco-friendly future for renewable energy. This raise is part of our initiative to commercialize the technology through detailed engineering and a demonstration project. With a clear need in the $1 trillion market for a better solution, with our patented technology, and with key strategic partnerships in place, we are ready to address today’s energy problems with Gravity Power.
ABOUT
HEADQUARTERS
945 Ward Drive, #28
Santa Barbara, CA 93101
WEBSITE
View Site
Gravity Power is a pre-revenue company developing highly efficient energy storage technology that reduces carbon emissions while being easily scalable for global markets.
TEAM
Steve Taber
Chairman & CEO, Serial Entrepreneur in Renewable Energy
Robert B. Weisenmiller, Ph.D.
Director
Jim Fiske
CTO, Serial Entrepreneur, Technologist, Inventor
Thomas Mason
Board Member
Globally Recognized Experts
Advisory Board
TERMS
Gravity Power
Overview
PRICE PER SHARE
$0.75
DEADLINE
Oct 10, 2023
VALUATION
$25.21M
FUNDING GOAL
$10k - $1.23M
Breakdown
MIN INVESTMENT
$249.75
MAX INVESTMENT
$1,234,999.50
MIN NUMBER OF SHARES OFFERED
13,333
MAX NUMBER OF SHARES OFFERED
1,646,666
OFFERING TYPE
Equity
SHARES OFFERED
Series B-2 Preferred Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Loyalty Incentives:
Friends of Gravity Power: If you reserved shares before the offering opened and invest at least $250 and receive 10% bonus shares
Time-Based Incentives:
Very Super Early Bird Bonus: Invest at least $250 within the first 48 hours and receive 40% bonus shares
Super Early Bird Bonus: Invest at least $250 within the first week and receive 20% bonus shares
Early Bird Bonus: Invest at least $250 within the first month and receive 10% bonus shares
Amount-Based Incentives:
Invest $500+ and receive 5% Bonus Shares.
Invest $1,000+ and receive 10% Bonus Shares.
Invest $2,500+ and receive 15% Bonus Shares.
Invest $5,000+ and receive 20% Bonus Shares.
Invest $10,000+ and receive 30% Bonus Shares.
Invest $20,000+ and receive 35% Bonus Shares.
Invest $30,000+ and receive 40% Bonus Shares.
Invest $40,000+ and receive 50% Bonus Shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
The 10% StartEngine Owners' Bonus
Gravity Power will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Preferred B-2 Stock at $ 0.75 / share, you will receive 110 shares of Preferred B-2 Stock, meaning you'll own 110 shares for $75. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.
PRESS
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$249
Earn 10% Bonus Shares
Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.
$500
Tier 1
Invest $500+ and receive 5% Bonus Shares.
$1,000
Tier 2
Invest $1,000+ and receive 10% Bonus Shares.
$2,500
Tier 3
Invest $2,500+ and receive 15% Bonus Shares.
$5,000
Tier 4
Invest $5,000+ and receive 20% Bonus Shares.
$10,000
Tier 5
Invest $10,000+ and receive 30% Bonus Shares.
$20,000
Tier 6
Invest $20,000+ and receive 35% Bonus Shares.
$30,000
Tier 7
Invest $30,000+ and receive 40% Bonus Shares.
$40,000
Tier 8
Invest $40,000+ and receive 50% Bonus Shares.
JOIN THE DISCUSSION
0/2500
Thomas Mueller
9 days ago
How do we join the webcast? I registered several times but never got any info on how to join.
1
0
Don Macfadyen
11 days ago
How can I confirm how many shares I have?
1
0
Richard Koch
11 days ago
My C student memory of physics classes (nearly 40-years in the rear view mirror) leads me to the conclusion that you're of using the principles of conservation of energy. Instead of converting electrical energy into chemical energy, you're converting and storing it as potential kinetic energy? Along with all of the benefits of never dealing with the sourcing and disposition of any materials used in batteries.
1
0
Samuel Raasch
12 days ago
What distinguishes Gravity Power from NRGV in terms of technology, customer base, etc?
1
0
Jacob Rocchi
22 days ago
How is the piston sealed to the shaft? Is it possible to go into detail? I’ve read the system allows a lot of pressure on those seals. How can you expect that point of failure to be scalable to enormous proportions? Very interested in this technology.
1
0
Sean Capaloff-Jones
24 days ago
What are your regulatory headwinds and tailwinds? Given that there are some extremely promising sites in coal country, and perhaps other fossil fuel friendly spaces , what are the politicians’ temperatures around your initiatives? While I understand that this promises to employ lots of former miners, do you see Manchin as an ally, a foe, or a neutral party?
Basically, how will you get coal and gas politicians (state and Federal) to make your life easier and not harder?
1
0
Gordon Meyer
a month ago
Thank you for your comprehensive response.
"Re: other uses of the site.
For security purposes, we expect each site to have secured perimeter and to exclude other uses."
There's another Start Engine offering (Flower Turbines) for a vertical axis wind turbine system that works best in a cluster (bouquet) arrangement. If several clusters of Flower Turbines could be co-located with a Gravity Power plant, it could all be contained within a secured perimeter. How many clusters would depend on how much surface space there is within the Gravity Power plant's footprint and what size Flower Turbines were used. Flower Turbines is already selling a variety of configurations with manufacturing in both the Netherlands and Texas. It just seemed to me that there might be a fit between Gravity Power and Flower Turbines, but obviously more research would be necessary to determine that.
1
0
Gordon Meyer
a month ago
The most recent update cites storage of 1247 MW in a Gravity Power plant on about 30 acres of land. How quickly can that power be emptied and how quickly can it be refilled (at optimum input)? Can Gravity Power plants be located in a cluster, allowing for storage of more power in contiguous pieces of land? (120 acres storing 4 x 1247 MW for 4988 MW in total, as an example.) Is the complete 30 acres of land unusable for agricultural uses, or can crops be planted on part of that ground? Can other structures be built on part of that ground, say warehouses or other light traffic facilities? Are there particular soil structures necessary for the installation of a Gravity Power plant? What about ground water depths?
1
0
Timothy Alvarez
a month ago
You’re company seems very promising to invest in, especially for the long run. I do have a few questions for you. When and how should I expect a ROI. How will you keep me updated about how my shares are doing (will I be invited to an investor meeting or be able to join an investor board)? Will you reward those who consistently reinvest in your company? Are there other companies right now that are looking to acquire you?
2
0
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Richard Wrenn
6 days ago
1
0