Editing Cheesecake Energy

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{{Cover Image|[[File:Cheesecake Energy Thesis cover image.png]]}}
'''About Cheesecake Energy:'''


== Summary ==
Cheesecake Energy Ltd (CEL) has developed the world’s most sustainable energy storage technology for local renewable energy networks (microgrids) and electric vehicle (EV) fleet charging. CEL use off-the-shelf industrial hardware in a proprietary system configuration to deliver an energy storage technology 30-40% cheaper than the market-leading alternative, lithium-ion batteries.
Cheesecake Energy Ltd (CEL) has developed the world’s most sustainable energy storage technology for local renewable energy networks (microgrids) and electric vehicle (EV) fleet charging. CEL use off-the-shelf industrial hardware in a proprietary system configuration to deliver an energy storage technology 30-40% cheaper than the market-leading alternative, lithium-ion batteries.


CEL’s eTanker is a stationary, medium-long-duration energy storage solution which delivers cheap, reliable, efficient energy storage in a modular, containerised package.
CEL’s eTanker is a stationary, medium-long-duration energy storage solution which delivers cheap, reliable, efficient energy storage in a modular, containerised package.
'''Cheesecake Energy’s vision:'''


To be the supplier of choice globally for medium-scale medium-duration energy storage systems by 2025.
To be the supplier of choice globally for medium-scale medium-duration energy storage systems by 2025.
'''Status on current round:'''


Seeking to raise £500k-£750k for a 12-month runway, of which £435k is committed including £200k from Imperial.
Seeking to raise £500k-£750k for a 12-month runway, of which £435k is committed including £200k from Imperial.
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'''What commercial progress have you made?'''
'''What commercial progress have you made?'''


Founded in 2016, the company received £1.3m in research contracts in 2019 and 2020 from Shell and Highways England, to design and build a prototype eTanker system, due for completion in Q3 2021. This demonstrator system will be deployed in Q4 2021 in the company’s first customer pilot project, charging an electric vehicle fleet using renewable energy for Nottinghamshire County Council, and reducing the Council’s grid connection costs. CEL is quickly establishing itself within the East Midlands energy ecosystem and beyond — having secured initial interest in piloting the technology from a range of organisations including local authorities, renewables developers, electric bus depots and industrial manufacturers. Specialist mining project financiers NRG Capital Partners and Engie Fabricom, the industrial services arm of energy giant Engie, have expressed interest in exploring opportunities to offer eTanker systems to their global client base. We are in conversations with Engie Fabricom regarding a pilot installation at its manufacturing site.<ref>Source: The company.</ref>
Founded in 2016, the company received £1.3m in research contracts in 2019 and 2020 from Shell and Highways England, to design and build a prototype eTanker system, due for completion in Q3 2021. This demonstrator system will be deployed in Q4 2021 in the company’s first customer pilot project, charging an electric vehicle fleet using renewable energy for Nottinghamshire County Council, and reducing the Council’s grid connection costs. CEL is quickly establishing itself within the East Midlands energy ecosystem and beyond — having secured initial interest in piloting the technology from a range of organisations including local authorities, renewables developers, electric bus depots and industrial manufacturers. Specialist mining project financiers NRG Capital Partners and Engie Fabricom, the industrial services arm of energy giant Engie, have expressed interest in exploring opportunities to offer eTanker systems to their global client base. We are in conversations with Engie Fabricom regarding a pilot installation at its manufacturing site.
 
== Risks ==
As with any investment, investing in Cheesecake Energy carries a level of risk. Overall, based on the key risks highlighted below, the degree of risk associated with an investment in Cheesecake Energy is higher than in a company that's trading on a public market.
 
=== Early-stage investment ===
Cheesecake Energy is at one of the earliest stages of the business lifecycle, and the failure rate of companies at that stage is usually much higher than those at a later stage. As of 2022, 57% of companies that are incorporated in the United Kingdom fail within the first five years of the companies incorporation, according to the Office for National Statistics. <ref>https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/bulletins/businessdemography/2020#the-south-west-continued-to-have-the-highest-five-year-survival-rate</ref>
 
=== Illiquid investment ===
The number of transactions in shares of private companies is usually significantly lower than in public companies, typically resulting in it taking longer to sell shares in private companies at a price that is at least equal to the price that the shares were bought at. Accordingly, the Cheesecake Energy investment opportunity is considered to be higher risk than more liquid companies.
 
== References and notes ==
[[Category:Thesis]]
[[Category:Thesis]]
[[Category:Equities]]
[[Category:Equities]]
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