About Innovatium
Located in East Kilbride, Glasgow, Innovatium are a clean technology company who have patented, PRISMA™ Advanced Liquid Air Energy Storage system.
PRISMA provides a long-duration and flexible energy storage solution for energy intensive businesses. It aims to resolve the intermittency and fluctuating supply issues seen in renewable energy generation, and does so in a safer, more cost-effective and environmentally friendly way compared to current mainstream lithium-ion batteries.
The award-winning technology is predominately made from fully recyclable materials. It works by using off-peak electricity to cool and liquefy compressed air. It then converts this stored, liquid energy back into compressed air to generate power when it is needed. It has been proven to reduce energy costs and CO2 emissions by up to 30% per industrial site.
Why we invested
Our investment in Innovatium aligns with Scotland’s ambitions to lead in innovation and address global challenges such as Net Zero.
It will enable Innovatium to grow its team, scale production and fast-track the commercial rollout of the PRISMA system. The investment is expected to create 30 jobs in Scotland over the next 4 years and will support the scaling of the technology for use in data centres, where energy demand and sustainability pressures are causing global concern.
“As an impact investor, we were attracted to Innovatium’s potential to be a driver of Scotland’s net-zero economy, and we are pleased to be investing alongside Hitachi Industrial Equipment Systems, which will also support the commercial rollout of PRISMA.”
Key Information
Key Quote
Brian Jack, CEO of Innovatium Group Limited said:
“We’ve entered a new and very exciting growth phase for us which includes immediate plans to expand our team, advance PRISMA technology, and build additional depth within the business to meet rising demand from customers.
“This investment gives us the platform to scale-up significantly and we can now offer a much broader portfolio of solutions, creating new value for our customers in the UK and globally. We have never been better placed to deliver solutions to support the energy transition.”
Alignment to the United Nation's Sustainable Development Goals
Affordable and Clean Energy
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
