Philosophy and History
Gravity Power’s goal is to solve a huge future societal need; clean energy generation must increase significantly from wind, solar and other renewable sources. Much of this generation is intermittent and must be matched to the needs of operating electric grids and thus be dispatchable power. This must be done to avoid an environmental emergency as growing global power markets will have a choice; build more coal and gas plants or build alot more renewable energy generation. For the degree of new renewable generation really required to be practically deployed, a huge amount of energy storage will be necessary. Gravity Power Modules can provide clean energy storage to match renewables to demand and to provide clean peaker power as markets grow worldwide. We are committed to the future as one with clean generation enabled by clean energy storage.
Formerly known as LaunchPoint Innovations LLC, Gravity Power is a venture-backed startup company that was formed in 2008. Jim Fiske, Founder and CTO, worked in collaboration with LaunchPoint Technologies, Inc. to obtain venture capital and hire key employees for the initial development stage of the project. Since, the Company has collaborated with best-of-breed construction, engineering and energy modeling firms to obtain strong global interest in GPM demonstration projects. It has also recently hired a new CEO, Thomas R. Mason, an experienced power industry leader who well understands the magnitude of the societal need for clean energy and who understands GPMs will be a big part of the solution.