Norwegian energy storage scale-up developing a solid-state hydrogen–based seasonal storage system that converts surplus summer solar energy into underground solid-state hydrogen for household use in winter.
Investment Rounds
Capital activity and funding progression
Frequently Asked Questions
Where is Photoncycle located?
Photoncycle is located in Oslo, Norway.
What industries does Photoncycle operate in?
Photoncycle operates in the following industries: energy storage, clean energy, hydrogen, cleantech.
How much total funding has Photoncycle raised?
Photoncycle has raised a total of $15,000,000.
Who are the investors in Photoncycle?
The investors in Photoncycle are: Lifeline Ventures, Eviny Ventures, Luminar Ventures, Momentum.
What is the core technology behind the Photoncycle energy system?
The system uses a proprietary and patented solid hydrogen technology to store renewable energy at a density approximately 20 times higher than that of standard lithium-ion batteries.
How much energy is the Photoncycle underground unit capable of storing?
The compact underground storage unit is designed to store up to 10,000 kWh of energy, which is sufficient to cover the electricity and heating needs of a typical household throughout the winter months.
Does the Photoncycle system require a large upfront investment from homeowners?
No, the system is offered through a subscription-based model with a fixed monthly fee that covers the hardware, installation, maintenance, and all energy costs for electricity and heating.
What types of residential heating systems are compatible with Photoncycle?
The technology is designed to integrate with houses that have water-based heating systems, such as those using gas or oil boilers, district heating, or water-based underfloor heating.
How does Photoncycle help homeowners manage their energy costs?
By storing excess solar power generated in the summer and managing the trading of surplus energy when market prices are high, the system can reduce total heating and electricity costs by up to 50 percent.
Can the Photoncycle system operate independently from the power grid?
While the system provides significant energy autonomy by storing homegrown solar power for year-round use, it also remains connected to the grid to allow for the automated trading of surplus energy.