Sep 26, 2023 | Funding, Government, Grant, Grid Storage, Manufacturing, Project Announcements, Uncategorized |
In a significant stride toward a net-zero future, the Department of Energy (DOE) has recently allocated $325 million in grant funding to accelerate the development of long-duration energy storage technologies (LDES). This substantial investment will support 9 unique...
Sep 6, 2023 | Funding, Government, Grid Storage, Investment, Manufacturing, Zinc-Bromine |
Last week, Eos Energy Enterprises received a conditional commitment for a nearly $400 million loan from the Department of Energy’s (DOE’s) Loan Program Office (LPO). This is the first non-lithium battery technology that has been funded by the DOE’s LPO. This is a huge...
Feb 22, 2023 | Funding, Investment |
Mercom Capital’s annual M&A report showed huge gains in the energy storage industry. In a note on venture capital (VC) funding, Zinc-based Batteries were the 9th most invested category in energy. This funding was a total of $123M in 5 separate deals....
Dec 14, 2022 | Backup Power, Funding, Investment, Nickel-Zinc |
Nickel-Zinc battery manufacturer, ZincFive, completed its Series D financing round raising $54M led by Helios Climate Ventures. Their battery technology is used in critical infrastructure applications to provide back-up power for faciliteis such as data centers,...
Aug 2, 2022 | Funding, Government, Grant, Grid Storage, Project Announcements, Stationary |
CLEVELAND, OH — Octet Scientific, Inc. has been awarded $1 Million from the U.S. National Science Foundation (NSF) Small Business Innovation Research (SBIR) program to conduct research and development (R&D) work on making safer and more sustainable...
Mar 21, 2022 | Funding, Investment |
Octet is happy to announce our recent investment from the Gale Family Fund, the company’s first private investment. It comes from the family of Brian Gale, who decided to invest after serving as a mentor to the company via JumpStart’s Burton D. Morgan...
