Energy Storage Corporate funding for energy storage companies in the first half of 2024 reached $15.4 billion across 64 deals, marking a 117% increase year-over-year
Liontown Resources Secures $250 Million From LG Energy Solution
Liontown Resources, a battery minerals producer, secured a $250 million investment and a 10-year offtake extension from foundational partner LG Energy Solution, a manufacturer of
e-Zinc Raises Additional $31 Million in Series A2 Funding
e-Zinc, a developer of zinc-air-based long-duration energy storage solutions, raised an additional $31 million in Series A2 financing. This oversubscribed Series A2 round was led
Battery Materials Company Sila Raises $375 Million
Sila, a battery materials company, has secured $375 million in a Series G funding round led by Sutter Hill Ventures, an existing investor, and funds
Hecate Grid Secures $125 Million Credit Facility to Finance Energy Storage Project Portfolio
Hecate Grid, an independent power producer (IPP) that develops, owns, and operates standalone storage projects in the U.S., closed a four-year $125 million Letter of Credit facility
Princeton NuEnergy Closed $30 Million in Oversubscribed Series A Funding
Princeton NuEnergy (PNE), a lithium-ion battery recycling company, closed $30 million in an oversubscribed Series A funding round. Funding was secured from Samsung Venture Investment
Sodium-ion Battery Startup UNIGRID Secures $12 Million
UNIGRID, a provider of sodium-based battery solutions, raised $12 million in an oversubscribed Series A funding round. The round was Co-led by Transition VC and
Battery Manufacturer Microvast Secures $25 Million Loan Facility
Microvast Holdings, a company that designs and manufactures lithium-ion batteries, secured an initial $12 million draw of a $25 million secured debt facility. According to
Battery Material Startup Bedrock Secures $9 Million in Seed Funding
Bedrock Materials, a startup that designs and develops sodium-ion cathode materials, secured $9 million in seed funding. The round was led by Trucks Venture Capital,
Princeton NuEnergy Raises Additional $10.3 Million in Series A Funding
Princeton NuEnergy (PNE), a lithium-ion battery recycling company, announced an additional $10.3 million in Series A Funding. Last year, the company also raised $16 million