Keeling Curve

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Project Summary / Description:

Terrament builds long-duration energy storage with modular gravity batteries installed deep underground. As our power grid adapts to the intermittency of renewable energy, our energy markets face accelerating demand for long duration energy storage. Today, our market's only viable solution is pumped hydro. Governments and energy utilities are desperate for new solutions which can scale faster and cheaper than Li-ion batteries. Terrament can fill this need and enable renewable energy to scale to 100% of our grid. Terrament was formed in 2020 after the founder (Eric Chaves) identified this dire need to find low-cost, large-scale alternatives to pumped hydro.

Country or Countries of Operation:

United States

Afghanistan

Albania

Algeria

Andorra

Angola

Anguilla

Antigua & Barbuda

Argentina

Armenia

Aruba

Australia

Austria

Azerbaijan

Bahamas

Bahrain

Bangladesh

Barbados

Belarus

Belgium

Belize

Benin

Bermuda

Bhutan

Bolivia

Bosnia & Herzegovina

Botswana

Brazil

British Virgin Islands

Brunei

Bulgaria

Burkina Faso

Burundi

Cambodia

Cameroon

Canada

Cape Verde

Cayman Islands

Central African Republic

Chad

Chile

China

Colombia

Comoros

Congo

Cook Islands

Costa Rica

Cote D Ivoire

Croatia

Cruise Ship

Cuba

Cyprus

Czech Republic

Democratic Republic of Congo

Denmark

Djibouti

Dominica

Dominican Republic

Ecuador

Egypt

El Salvador

Equatorial Guinea

Eritrea

Estonia

Ethiopia

Falkland Islands

Faroe Islands

Fiji

Finland

France

French Polynesia

French West Indies

Gabon

Gambia

Georgia

Germany

Ghana

Gibraltar

Greece

Greenland

Grenada

Guam

Guatemala

Guernsey

Guinea

Guinea Bissau

Guyana

Haiti

Honduras

Hong Kong

Hungary

Iceland

India

Indonesia

Iran

Iraq

Ireland

Isle of Man

Israel

Italy

Jamaica

Japan

Jersey

Jordan

Kazakhstan

Kenya

Kuwait

Kyrgyz Republic

Laos

Latvia

Lebanon

Lesotho

Liberia

Libya

Liechtenstein

Lithuania

Luxembourg

Macau

Macedonia

Madagascar

Malawi

Malaysia

Maldives

Mali

Malta

Marshall Islands

Mauritania

Mauritius

Mexico

Micronesia

Moldova

Monaco

Mongolia

Montenegro

Montserrat

Morocco

Mozambique

Myanmar

Namibia

Nauru

Nepal

Netherlands

Netherlands Antilles

New Caledonia

New Zealand

Nicaragua

Niger

Nigeria

North Korea

Norway

Oman

Pakistan

Palau

Palestine

Panama

Papua New Guinea

Paraguay

Peru

Philippines

Poland

Portugal

Puerto Rico

Qatar

Reunion

Romania

Russia

Rwanda

Saint Kitts and Nevis

Saint Lucia

Saint Vincent and the Grenadines

Samoa

San Marino

Sao Tome and Principe

Satellite

Saudi Arabia

Senegal

Serbia

Seychelles

Sierra Leone

Singapore

Slovakia

Slovenia

Solomon Islands

Somalia

South Africa

South Korea

South Sudan

Spain

Sri Lanka

St Kitts; Nevis

St Vincent

Sudan

Suriname

Swaziland

Sweden

Switzerland

Syria

Taiwan

Tajikistan

Tanzania

Thailand

Timor L'Este

Togo

Tonga

Trinidad & Tobago

Tunisia

Turkey

Turkmenistan

Tuvalu

Uganda

Ukraine

United Arab Emirates

United Kingdom

Uruguay

Uzbekistan

Vanuatu

Venezuela

Vietnam

Virgin Islands (US)

Yemen

Zambia

Zimbabwe

Regions of Operations:

How Project Affects Greenhouse Gas (GHG) Emissions:

Terrament has enormous potential to reduce greenhouse gas emissions. Most urgently, Terrament can replace gas peaker plants to drastically reduce pollution. Removal of peaker plants not only reduces net emissions, it also prevents dangerous health impacts for disadvantaged communities who live near peaker plants. [1] It also saves money. Considering that the LCOE of a peaking natural gas plant runs between $150-$199/MWh [2], a Terrament solution at ~$100/MWh provides a very cost-effective, and feasible solution for decommissioning peaker plants.Data shows that Terrament can save the United States more than a billion Tons of CO2 by 2050. We used a tool called CRANE‚ greenhouse gas emission reduction platform to model our potential impact. Our data is based on their model for pumped hydro since a Terrament installation has very similar properties. The data showed that by gradually phasing out peaker plants in the US, pumped hydro or Terrament could begin saving between 55 and 150 MT CO2 / year by 2030, and up to 550 MT CO2 / year by 2050. The cumulative savings would be about 10,400 MT CO2, which indicates an average of 385 MT CO2 / year. From this baseline we can take some estimates based on Terrament's projected market share.At 1% of the energy storage market: Terrament would save an avg of 3.86 MT CO2 / year for a total of 104.16 MT CO2 by 2050At 5% of the energy storage market: Terrament would save an avg of 19.29 MT CO2 / year for a total of 520.79 MT CO2 by 2050At 10% of the energy storage market: Terrament would save an avg of 38.58 MT CO2 / year for a total of 1,041.58 MT CO2 by 2050. (1.041 billion tons)By replacing peaker plants over the next 27 years leading to 2050, Terrament will save costs and prevent massive CO2 emissions. Our storage can also replace lost generation capacity from decommissioned coal and nuclear power plants. And we will greatly improve the health of the United States‚ most disadvantaged communities and could save billions in environmental and human health-related-damage. According to one study, replacing peakers in New York State alone could save upwards of $360M in environmental and human health-related-damage. [1][1: Form Energy: Solving the Clean Energy and Climate Justice Puzzle: https://formenergy.com/wp-content/uploads/2020/08/Form_Energy_NYGasReplaceWhitePaper_V2.pdf ][2: Lazard‚ levelized cost of energy analysis ‚Äî version 13.0https://www.lazard.com/media/451086/lazards-levelized-cost-of-energy-version-130-vf.pdf]

Best Estimate of GHG Avoidance/Reduction of This Project (Tonnes CO2 Equivalent/Year):

Sustainable Development Goals:

Impact on Underrepresented Groups:

Diversity and equality are deeply important to me (founder, Eric). I insist on building these into my company DNA from the very beginning, starting with the founding team and early partners. 

Within our company structure, I understand that building a community or company requires humility, compassion, and careful listening. And I believe that fostering diversity is an invaluable investment even when it‚ not easy. 

Within our product markets, Terrament has exciting opportunities to benefit and partner with multiple disadvantaged and at-risk communities. Two of the most important of these communities are: 1) Rural or Remote Area communities, and 2) Laid-off Oil and Gas workers who are forced to transition careers away from fossil fuels.

1) As highlighted by the DOE, Rural and Remote Areas of the U.S. face unique risks from climate impacts on fragile grid infrastructure. Terrament's technology is a perfect fit for rural areas. Our storage can improve the resilience, safety, reliability, and availability of energy in their regions.

2) Terrament will provide mining jobs perfectly suited for oil and gas workers seeking career transitions. As expressed by the United Mine Workers of America Union, "Change is coming, whether we seek it or not." Terrament is eager to partner with these communities, to leverage their critical skills, and to work with them to build an exciting new job market for mine workers.

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