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Innovatium Group Limited has received a £3 million investment from the Scottish National Investment Bank and Hitachi Industrial Equipment Systems to enhance its PRISMA™ Advanced Liquid Air Energy Storage system. This system uses off-peak electricity to liquefy compressed air, converting it back to energy when needed, and can reduce energy costs and CO2 emissions by up to 30%.

The funding will enable Innovatium to grow its workforce by 30 jobs in Scotland over four years, scale production, and expedite commercial rollout, particularly in data centers. Additionally, Hitachi will supply core components and assist in expanding Innovatium's sales internationally.