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Tozero, a Munich-based startup that recovers valuable raw materials from recycled lithium-ion batteries, is gearing up to scale. The startup just closed an oversubscribed €11 million seed round (around $11.7M) to step up production by building its first industrial deployment (A.K.A first-of-a-kind or FOAK) plant.
Battery cathode active materials (CAM) startup ACT-ion Battery Technologies has raised $7.5 million in a pre-Series A funding round. million round was led by BASF Venture Capital and included participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management and LG Technology Ventures.
Two startups presenting gravity-based energy storage technologies for commercialisation have signed partnerships with major players in engineering and mining.
Lithium-ion battery storage system integrator Fluence and iron-air battery startup Form Energy have completed fire safety and explosion testing of energy storage technologies.
But theres no joy in Batteryville these daysonce-promising startups are failing and/or scaling back their plans. Cell manufacturing aint easyChico explains that industrial-scale production of lithium-ion batteries usually involves at least 50 individual processes, from electrode manufacturing to cell fabrication to formation and integration.
Battery technology startup Alsym Energy is keeping the exact chemistry of its product under wraps for the time being, the company has confirmed to Energy-Storage.news.
Morrow Batteries, one of several startups committed to producing lithium-ion batteries at gigawatt-hour scale from factories in Scandinavia, has secured a 5.5GWh offtake deal.
Eos Energy Storage spent 12 years building up a technology it says can rival the dominant lithium-ion batteries for storing grid power. Similar startups ran out of cash and fell by the wayside, but Eos has survived, and now plans to leave venture capital behind and enter public markets via merger with a shell company.
Lithium and battery technology startup Energy Exploration Technologies ( EnergyX ) has announced investment of $450 million from investment firm Global Emerging Markets. EnergyX also has plans for its Solid State Lithium Metal Battery (SoLiS). The proceeds will be used to further the company’s commercialization efforts.
Australia-based battery materials company Liontown Resources has agreed to supply Tesla with spodumene concentrate, a source of lithium. Liontown will supply Tesla with up to 150,000 dry metric tons (DMT) of spodumene concentrate per year, produced at Liontown’s Kathleen Valley Lithium Project in Western Australia.
Eecomobility, a startup that specializes in developing battery testing and monitoring software for the EV, energy storage and industrial markets, has secured seed funding from a group of investors.
Embargo til April 17 TDK Ventures has invested in lithium-extraction startup Novalith, which has developed a novel system for extracting battery-grade lithium from resource deposits. Novalith points out multiple drawbacks of current lithium production methods.
Work has begun on the first pilot project using Form Energy’s iron-air battery, designed to cost-effectively store and discharge energy over multiple days.
Natron Energy has started commercial-scale operations at its sodium-ion battery manufacturing plant in Michigan, US, and elaborated on how its technology compares to lithium-ion in answers provided to Energy-Storage.news.
Energy Dome has signed a contract with Alliant Energy for a 200MWh long-duration energy storage (LDES) project in Wisconsin, which the US utility considers the “first of many.”
Form Energy, the US startup behind a battery technology that aims to cost-effectively provide 100-hour duration energy storage, has closed a Series F funding round.
Lithium-ion batteries are clearly a candidate for such innovative circular thinking. . Another reason battery reuse and recycling is coming to light this week is because of the emergence of Redwood Materials , a startup founded by former Tesla chief technology officer JB Straubel.
Geologists have estimated that an area in the Upper Rhine Valley, in the Black Forest area of southwestern Germany, holds enough lithium for more than 400 million electric cars, making it one of the world’s biggest deposits. The trove could reduce the reliance of the German car industry on imported lithium.
The technologies were invented by ASU Regents’ Professor Dr. Jerry Lin, who is also the Chief Scientist of the startup Safe-Li, which will commercialize the technologies. “A A lot of work has been done by others to solve the thermal runaway problem in lithium-based batteries,” said Dr. Jerry Lin.
Norway-based startup Elinor Batteries has launched a new product, the Orkan DC Block, which it claims will deliver 30% more energy density than existing products.
The DOE’s Oak Ridge National Laboratory (ORNL) has licensed a new battery electrolyte technology to Safire Technology Group, a battery tech startup formerly known as BTRY. The collection of five patented technologies is intended to be a drop-in additive for lithium-ion batteries.
The recurring, year-long program welcomes eight startups led by underrepresented founders Somerville, Mass. The recurring, year-long program welcomes eight startups led by underrepresented founders Somerville, Mass. The selected founding teams will each receive $25k in non-dilutive grant funding to support their startups growth.
Battery Resourcers’ approach to battery manufacturing starts with a mixed stream of used lithium-ion batteries and ends with the production of finished, battery-ready cathode materials. “Battery Resourcers is on the verge of revolutionizing the lithium-ion battery supply chain,” said CEO Mike O’Kronley.
While the cost of lithium-ion batteries has dropped dramatically , the technology still leaves something to be desired. Batteries are an enabler," said Asim Hussain, chief marketing officer for battery startup QuantumScape. "A A few percentage points of cost reduction per year is not going to drive mass adoption," Hussain said.
ImpactAlpha, July 13 – Batteries are big as startups and investors bet on the low-carbon energy transition. The post Race for better lithium batteries accelerates with two big raises appeared first on ImpactAlpha. SES, based near Boston, scored $100.
US-based sodium-ion BESS startup Peak Energy has opened a battery cell engineering centre in Broomfield, Colorado, in partnership with the Colorado Office of Economic Development and International Trade (OEDIT).
Reused or “second-life” lithium-ion batteries still have a lot of juice left in them, but so far the concept of using these batteries in stationary applications has yet to gain real market traction. A growing number of startups are working on ways to overcome such hurdles. California second-life startups gain momentum.
Sixteen startups joined our climatetech community during some of the hottest days of the summer in Q3 2023, working on breakthroughs such as reliable energy storage , detection of green-hydrogen gas leaks , and carbon-footprint reductions in the trucking industry.
The startup spun out of Google parent company Alphabet's moonshot factory, X, in 2018. Many startups tackling energy storage breakthroughs have looked to batteries and other electrochemical devices. Malta has raised a $50 million Series B round to bring its super-long-duration energy storage to market, the company said Wednesday.
may have fallen behind Asia and Europe in battery manufacturing, but a number of well-funded companies are looking to get the country back in the game with a technology that could supersede today’s lithium-ion chemistries. “Solid-state is a platform that allows things like metallic lithium as an anode,” he said.
As analysts, investors, journalists, and other experts offer up their predictions for this year’s climatetech areas to watch, Greentown’s featuring just a sampling of our startup members innovating in these key categories. Want to engage with these startups and other Greentown members? Industry experts: mentor a startup.
Likewise, lithium batteries, zinc batteries, sodium-ion batteries, redox flow batteries, hydrogen storage, and sub-categories dot the energy storage landscape. Lithium battery companies are Example A in this World War I style combat. I love cleantech startups like ChargerHelp! That's not an easily co-opted value proposition.
Swiss technology startup Morand has launched a hybrid energy storage system that combines the characteristics of an ultracapacitor with that of a chemical battery to create “a durable and ultra-fast energy pack that can be usefully recharged in seconds.”. It does use some lithium, but the main components are aluminum, graphene and carbon.
has a major new partner to bring its sleek, sensored and circuit-by-circuit remote-controllable electrical panels to market: lithium-ion battery giant LG Chem. The San Francisco-based startup unveiled its technology in September, targeting key markets like California and Hawaii, and working with installers including Hawaii’s Revolusun.
Battery-powered commercial vehicles also highlight the power of the lithium-ion battery in a unique way. A startup called Solectrac is making what it calls the first commercially available electric tractor, which can run (quietly and cleanly) for three to six hours on a single charge and can be charged in under four hours. .
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