Storelectric
Sergei Balashov, CFA, is a seasoned professional with extensive experience in business development, market analysis, and consulting. Currently serving as a Business Development Manager at Storelectric since August 2022 and as an Instructor at DataCamp since December 2018, Balashov has also contributed as a Management Consultant at MCC Economics & Finance from June to September 2023 and as a Special Advisor at Emerald Operating Partners from July 2022 to July 2023. Earlier roles include Analyst at Pacific Green Technologies, Market Research Analyst at BASF, and Market Reporter at Argus Media, among others. Academically, Balashov holds a MicroMasters in Statistics and Data Science from the Massachusetts Institute of Technology, is a CFA Charterholder from the CFA Institute, and has pursued advanced studies in economics and business at Moscow City University of Management.
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Storelectric
Storelectric Ltd is a developer of projects using two highly efficient forms of Compressed Air Energy Storage (CAES) using existing technologies, at a grid scale, efficiently and cost-effectively.Both Storelectric’s CAES systems offer the ability not only to generate electricity but also store it when there is excess, to respond to intermittencyissues and to provide ancillary services to the grid. When there is surplus electricity on the grid, Storelectric’s CAES uses it to compress air to around 70 bar pressure, also storing the heat. When electricity is required, air and heat are released through turbines to generate it. Power rating of storage, power rating of discharge and amount of energy stored are all independent variables in the design of these plants, enabling it to be optimised for baseload, fast response, interconnection, wind farm management and many other load cases.