I've had some inside access to this tech in recent past. The main problem is efficiency. It's horrendous. You lose tremendous amounts of energy doing this, and you need quite a bit of energy to maintain the compressed state. We're nowhere near mainline chemical batteries in terms of efficiency numbers, and whatever numbers they're claiming on their website are likely specifically negating some critical losses. I've seen efficiency numbers as low as 20-25%, through they can really struggle to push into upper 30s for long term storage, and can probably get above 50 for very short term (i.e. minimal compressed state maintenance costs). Still nowhere near the required efficiency numbers to competitive with chemical batteries of current gen. These people claim 75%. Odd.
And it's completely unsuitable to any kind of "long term storage". This is very much a potential energy capacitor, and maintaining compressed state requires constant energy burn (which is one of the parts of it having awful energy efficiency). They claim "long term storage". Doubly odd.
Finally there's just basic physics. From memory, CO2 goes supercritical at just over 30C (liquid and gas phase become effectively indistinguishable no matter the pressure you put it under). Last 10 degrees or so before that, pressure needed to maintain it it liquid form goes from something like 50 bar to around 80 bar if memory serves me right. And as gas passes through turbines and such, it picks up impurities, increasing need to compress it, and often lowering supercriticiality point. This is why it's generally difficult to do this sort of battery as an actual battery (CO2 going all the way both ways), because it picks up a whole bunch of impurities quickly.
So you're constantly fighting your compressible medium, trying to keep it purified and cooled. These people claim no cryogenics, which is 100% impossible claim. When you pressurize the gas, it heats up. A lot. You will need an incredibly powerful cooling system to keep it under that supercritical temp unless your "charging" is hilariously slow. Also this will suck up power.
With this in mind, I started looking. First, the project page. It has all the markers of ESG green credit mill. It has a page that has a lot of pretty renders, a lot of outrageous claims about efficiency and readiness for deployment, and a lot of famous big company names participating to show that green credits are indeed available from this project.
Next is the website. No operating principles, no actual numbers, no relevant paper links, no direct phone contact to the rep, nothing. Just renders, slick page with basically no details, and a general contact form. Doesn't matter if you click "buy", "rent" or "contact" button on one of the several pages on the website. They all lead to that same form. Again highly unusual for an actual company, and completely normal for an ESG green credits mill.
Another marker of this being just another green credits scam is typing their address into google maps. Their headquarters is supposedly in Milan. Building shows that it's office building of Edison (one of the older energy companies in Italy). Meanwhile, they also have a separate legal office is another small residential building in Milan centre.
Neither building shows this company on google maps as having an office there. Odd for a company listing to have upper two to low three digits on staff, but completely normal for ESG green credit mill. ESG green credit mills basically hire existing experts that already work for power companies, as their primary focus is producing reports for the purpose of generating said credits for various green credit schemes and mechanisms that exist globally. I.e. people who already work in the field pick up part time work generating necessary red tape. And company will claim that them working at their actual employers office = being company office.
Finally the name of the head of the company. I'm going to just straight up quote Barclays, who calls him a "serial environmental enterpreneur". That is indeed what someone who runs many ESG green credits mills would be titled to be both truthful AND not reveal what he does.
Overall, this could be not just an ESG green credits mill. There's a tiny chance they're some kind of a tiny company too small to feature even their headquarters on google maps that actually have some kind of unique tech that actually did what none of the power majors who really threw everything into this in US and across Europe could do - make a viable compressible gas battery without complex cryogenics, with high efficiency, reliability and throughput.
But there's a lot of evidence pointing at it being just another ESG green credits mill, and very little evidence of it having such a breakthrough.