Ex-Watch Trader Launches Terralayr: The AWS of Grid Storage

Ex-Watch Trader Launches Terralayr: The AWS of Grid Storage
Phillip Man, a former watch trader, has founded Terralayr, a startup aimed at revolutionizing grid-scale energy storage. Drawing inspiration from AWS, Terralayr aggregates and manages battery storage capacity for energy traders, allowing them to optimize their output. The company currently operates seven megawatt-hours of capacity and has development agreements for over 200 sites in Germany. With €62 million in equity and €15 million in debt raised, Man sees potential expansion into U.S. markets, particularly California and Texas. Terralayr aims to bridge gaps in energy supply, enhancing grid reliability and sustainability.