Finland · Machinery startup

Teraloop Oy

Teraloop Oy is a Finnish company specializing in kinetic energy storage, founded in 2014 and based in Espoo.

Funding reportedLast round: Venture (Round not Specified)

MachineryHelsinki, Finland

About Teraloop Oy

Teraloop Oy is a Finnish company specializing in kinetic energy storage, founded in 2014 and based in Espoo.

The company develops grid-scale flywheel-based systems that offer a sustainable and cost-effective alternative to traditional batteries, particularly for applications requiring frequent energy cycling. Teraloop's technology features magnetically levitated rotors and brushless electric motors to store energy as kinetic energy, which can be converted back to electricity when needed. The company's primary product line, the PowerLoop series, includes models designed for various power management needs, such as the Teraloop Flywheel Power Loop 250 and the larger Teraloop Flywheel Power Loop 1000. These systems enhance grid stability, protect power quality, and provide high efficiency and durability. Teraloop serves a range of sectors, including industrial facilities, independent power producers, and transportation, addressing energy storage needs for electric vehicle charging, railways, and critical power applications.

What company datasets say Teraloop Oy raised

Funding, as reported

Reported in all2.9Min the source's currency
Last roundVenture (Round not Specified)
Last round dateSept 2024

Founders and team

From Teraloop Oy's own website: 5 on the team.

  • Antonio CapristoCEO
  • Markus MeriläCTO
  • Mervi SödöCFO
  • Risto ViitalaChief Engineer
  • Silvano SaggioroSales Director

The company, in detail

What they build

Known for

energy storageoil & energycleantechservicesenergyresearch developmentb2b

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Sector
Machinery
Industry code
NAICS 333998, 541715
Region
Uusimaa

Machinery in Finland

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