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Keep Energy Systems

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Long-duration energy storage using compressed air and heat

Nottingham, United KingdomFounded 2016Energy
Valuation $25–50M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Keep Energy Systems

Keep Energy Systems Limited, formerly known as Cheesecake Energy, is a UK-based company specializing in long-duration energy storage solutions. The company was founded in 2016 by Seamus Garvey and Michael Simpson as a spin-out from the University of Nottingham, building on over a decade of research. In June 2025, the company rebranded from Cheesecake Energy to Keep Energy Systems to better reflect its mission of providing resilience and reliability in the energy sector.

The firm is developing a proprietary energy storage system, known as eTanker, which stores electricity in the form of compressed air and thermal energy. This technology works by using electricity to power compressors, which generate heated, high-pressure air. The heat is captured and stored separately from the cooled compressed air. To release the stored energy, the process is reversed: the stored heat is used to reheat the compressed air, which then drives an expander connected to a generator to produce electricity. A key aspect of their model involves repurposing ex-service truck engines to function as zero-emission compressors and expanders, embodying circular economy principles. This approach is designed to lower capital expenditures and utilize existing manufacturing supply chains from the automotive and industrial sectors.

The company's business model targets commercial and industrial clients, renewable energy projects, electric vehicle fleet charging, and off-grid or weak-grid applications like mining operations and island communities. By providing a storage duration of 5 to 20 hours, the eTanker system aims to be a more cost-effective and sustainable alternative to lithium-ion batteries for stationary applications, projecting a 30-40% lower cost over its 25-year lifespan. Keep Energy Systems generates revenue by delivering these storage systems to clients who need enhanced power resilience, capacity, and cost-efficiency to manage grid constraints and integrate renewable energy sources.

Source: Dealroom company data

At a glance

Founded
2016
Headquarters
Nottingham, United Kingdom
Sector
Energy

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • Perivoli Innovations
  • Imperial College Enterprise Fund
  • Business Growth Fund
  • John Leopold Egan
  • Government of the United Kingdom
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇬🇧 United Kingdom100%
1 country shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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