Terrament was founded at the start of 2020. We have been awarded one US Patent, and we have two more pending patent applications. We are now seeking $1 million in pre-seed funding.
Terrament's gravity storage design was inspired by a related technology called Underground Pumped Hydro Storage, or UPHS. In fact, the company was born out of a research project exploring the feasibility UPHS. By leveraging our UPHS research to spark discussions with industry experts and validate our market assumptions, we demonstrated that Terrament's concept was not just viable, it was urgently needed.
We are proud to have been selected to join the CEBIP accelerator program. CEBIP, the Clean Energy Business Incubator Program, is supported by Stony Brook University and the New York State Energy Research and Development Authority (NYSERDA).
We're also grateful to have been selected as a 2023 Fellowship Founder at Newlab. The founder fellowship is run in partnership with the New York City Economic Development Corporation (NYCEDC)’s Venture Access NYC initiative.
Eric is a technologist and entrepreneur with a diverse background spanning architecture, industrial design, and software. With a passion for design and experimentation, his broad experience empowers a multidisciplinary approach to entrepreneurship. Terrament is his third company. His former companies include a media-tech startup called Antenna, and a software and design studio called Syllable.
Extensive experience in private equity and development.
Closed $1b+ deals in energy & infrastructure.
Built two previous companies, and grew revenue by 1,000% YoY.
More details announced soon...