Introducing Gravity Power, LLC
Gravity Power, LLC (“GP”) is seeking key bridge funding to enable it to continue to work with key global strategic companies to complete an eventual $18 million investment to commercialize its Gravity Power Plant (“GPP”) technology. Massive growing markets exist globally, and GP has been working with folks in these markets such as Saudi Arabia, Europe, China and Australia. Once proven, the GPP technology will be the most-flexible, reliable and repeatable and lowest-cost energy storage technology.
Based in Goleta, California, GP has a proven management team with extensive project development, operational and technical experience, and strong intellectual property including patents in 32 countries. GPP technology updates and improves pumped storage hydropower (“PSH”), the only widely deployed bulk energy storage technology in the world that is cost-effective without subsidies, with over 150 gigawatts already installed. A single large PSH plant can provide more than 2 gigawatts of power for several hours or more, typically at a capital cost of $1B to $5B per gigawatt. More PSH plants are planned in many countries, but increasing construction costs and geographic, geologic, and environmental constraints often prevent project realization. GPP technology provides an alternative with similar scale, lower cost and better operating characteristics, but without the constraints of PSH. Batteries will not be able to compete with the GPP technology.
We believe this investment will allow GP the time to find the $18 million in funding that we need to test critical components, construct a one-megawatt demonstration plant and start the sales and project development activities for commercialization. GP plans to sell up to ten GPPs over the next five years and intends to be cash flow positive after the first sale. With solar and wind generation growing exponentially, the International Energy Agency forecasts a need for more than 300 gigawatts of new storage by 2050, a market value exceeding $300 billion. Some put the the markets at double that or more in the coming decades.
Learn more about Gravity Power, LLC at www.gravitypower.net.
Be a Part of Gravity Power, LLC
This is an offering of Membership Units, under registration exemption 4(a)(6), in Gravity Power, LLC. This offering must raise at least $10,000 by February 8, 2019 at 6:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Gravity Power, LLC may issue additional securities to raise up to $106,998, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
11,072,292 units × $1.16 per unit = $12,843,859 implied valuation
Gravity Power, LLC’s SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
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Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.