A daily newsletter summarizing recent activity & interesting startups in the energy storage sector globally
RECENT NOTABLE ACTIVITY – ENERGY STORAGE
- Electric Vehicle Charging Infrastructure developer, Evercharge, raises $1.4M from Undisclosed investors. Link
- Energy Storage technology developer, FlexGen Power Systems, raises $2.7M of debt financing. Link
- Global Energy Transmission, a provider of long distance high power wireless power solutions for industrial applications, has raised a $2.5M seed round. Link
- Zinc-Air based Energy Storage developer, ViZn Energy Systems, raises $7.7M from Undisclosed investors. Link
- Wireless Charging start-up, Solace Power, receives a grant of $2.5M from the Atlantic Canada Opportunities Agency. Link
- Residential Energy Storage System developer, Powervault, has successfully raised $950k from its latest equity crowdfunding campaign on Crowedcube. Link
- Amionx, a developer of safe battery technology, received a strategic investment from Qualcomm Incorporated. Link
SOME INTERESTING STARTUPS FOUND
Amionx (Carlsbad, 2016) – Amionx is a spinout from American Lithium Energy. The company develops a safe battery technology that acts like a circuit breaker to prevent lithium-ion batteries from being the source of a fire or explosion. They claim that their technology is applicable in all battery chemistries including solid state batteries. Backed by Qualcomm.
LEADER BOARD – ENERGY STORAGE
Batteries
Energizer (1896, St.Louis, IPO) – Energizer is the oldest battery manufacturer in the world. The company has launched multiple product lines, one of them being the Inductive Charger to the world’s first AA battery made with 4% recycled batteries. The different types of battery manufactured are AAA,AA,D,9V, Photo batteries, Hearing Aid batteries etc. Two major brands are Energizer and Eveready. Went public in June, 2015.
Boston Power (2005, Westborough, $638M) – Boston-Power develops and manufactures batteries which charges faster, lasts longer, performs better and is safer than what’s currently on the market. The technology can be used in electronic devices like laptops, PDAs and mobile phones. Backed by GSR Ventures, Oak Investment Partners, Foundations Asset Management, Venrock, GGV Capital and Gabriel Venture Partners.
Energy Storage Systems
BYD (1996, Shenzhen, IPO) – BYD is a tech enterprise in China specializing in IT, automobile, and new energy. They are the largest supplier of rechargeable batteries in the globe, and has the largest market share for Nickel-cadmium batteries, handset Li-ion batteries, cell-phone chargers and keypads worldwide. Went public in August, 2002.
Alevo (2009, Martigny-Ville, $1.7B) – Alevo provides energy storage systems for grid scale storage. The “GridBank” is comprised of Lithium Ion cells which have 50000 recharge cycles. These cells are combined together to create large battery banks which can be positioned anywhere across the grid. Backed by SA Framtak.
Fuel Cell
Ballard Power Systems (1979, Burnaby, IPO) – Ballard Power Systems designs, develops and manufactures hydrogen fuel cell products for residential co-generation, back-up power, and heavy duty applications. The company operates in three segments Power Generation, Automotive, and Material Products. Went public in November, 1995
Bloom Energy (2001, Sunnyvale, $1.2B) – Bloom Energy builds solid oxide fuel cell technology to convert natural gas into electricity. The company offers distributed generation, energy server service (each Bloom Energy server provides 200kW of power) and energy server architecture. Backed by KPCB, NEA, Goldman Sachs among others.
Component Developer
Manz (1987, Reutlingen, IPO) – Manz is a leading provider of production equipment for lithium-ion battery cells, battery systems, super-capacitors and capacitors. The products manufactured by the company are production solutions for lithium-ion batteries and capacitors in e-mobility and stationary energy storage Went public in September, 2006.
Nexeon (2006, Abingdon, $167M) – Nexeon is a battery materials and licensing company with a unique silicon anode technology. Their technology unlocks the potential of silicon to deliver increased capacity without compromising lithium-ion battery cycle life, and provides lighter batteries with more power and longer lifetime between charges. Backed by Imperial Innovations and Invesco Perpetual.
Charging Solutions
CyberPower Systems (1997, Shakopee, IPO) – CyberPower Systems designs and manufactures uninterruptible power supply (UPS) systems, power distribution units (PDUs), surge protectors, mobile charging devices, connectivity devices and Fiber-to-the-Premise (FTTx) backup power solutions. Went public in January, 2010.
ChargePoint (2007, Campbell, $279M) – Chargepoint is an electric vehicle infrastructure company that offers a network of public charging stations. ChargePoint operates EV charging network and also designs, builds, and supports the technology that powers it.
Battery Management
Younicos (2006, Berlin, $50M) – Younicos offers battery parks which are 3,000 times faster than conventional power plants enabling them to balance fluctuations in the grid much more precisely and efficiently. The company offers hybrid batteries and battery technology which make batteries intelligent and efficient. They provide micro grid system in remote areas with renewable energy supply and storage technology. Backed by First Solar and Grupoecos.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates visit Energy Storage feed.