Altummare is a pioneering Cypriot company focused on bringing to market a simple, efficient, cost-sensitive, and environmentally friendly solution for large-scale and long-duration energy storage.
The technology involves storing compressed air in large rigid tanks anchored to the seabed. By harnessing mature, existing technology, and leveraging the natural hydrostatic pressure of the ocean, our system offers a range of significant benefits:
We are excited to announce our first-of-a-kind 3 MWh/8-hour energy storage project, set to be installed in the PROTEAS area in 2025. This project marks a significant milestone in our journey to revolutionize energy storage. Additionally, the company is preparing a regulatory framework to enable the establishment of commercial facilities, supporting Cyprus in its goal to become 100% renewable in the near future.
Stay connected with us and follow our journey as we work towards a greener and more efficient energy future