Malta converts electricity to thermal energy and back again, theoretically unlocking up to 200 hours’ worth of energy storage. Malta has raised a $50 million Series B round to bring its super-long-duration energy storage to market, the company said Wednesday. The startup spun out of Google parent company Alphabet’s moonshot factory, X, in 2018. Many […]
Energy Storage Stories of 2020
An attempted shortlist of the major breakthroughs in the energy storage industry’s biggest year ever. The coronavirus pandemic brought the broader economy to a halt, but the energy storage industry didn’t get the memo. Instead, developers made this year the biggest ever for battery installations in the U.S. More capacity is going into homes than […]
Form Energy Raises Another $70M for Long-Duration Storage
Investors want a piece of Form Energy’s stealthy long-duration storage tech, even before its first commercial deployments. Form Energy raised a $70 million Series C to scale its super-long-duration energy storage technology. That investment was first reported by Reuters Friday, without naming the participating investors. It brings Form Energy’s total funds raised to around $120 […]
Can a Novel Zinc Battery Deliver Clean Multiday Backup Power?
California is testing Canadian startup e-Zinc’s long-duration technology to keep businesses powered through wildfires and outages. California is looking for ways to keep power flowing to customers amid wildfires without burning fossil fuels. A Canadian storage technology startup thinks it has the solution. This summer, Toronto-based e-Zinc won a $1.3 million grant from the California […]
Avalon and RedT Finally Ready to Merge in Rare Flow Battery Confluence
Consolidation could be just what the fledgling flow battery industry needs. Two flow battery companies are about to complete a months-long effort to combine forces. It’s a rare instance of elective M&A in this challenging sector of the energy storage industry, where acquisitions often happen after a bankruptcy or insolvency. North America’s Avalon Battery will […]