VARTA AG, the German battery manufacturer, has announced that it has agreed with its financial creditors and strategic investors on a viable restructuring concept. The

VARTA AG, the German battery manufacturer, has announced that it has agreed with its financial creditors and strategic investors on a viable restructuring concept. The
UgoWork, a provider of advanced energy storage solutions for material handling equipment, secured $51 million in Series C funding. Fonds de solidarité FTQ led the round,
Addionics, an Israel-based chemistry-agnostic battery technology company, raised $39 million in a Series B funding round. The round was co-led by GM Ventures and Deep
Peak Energy, a sodium-ion battery manufacturer, secured $55 million in a Series A funding round led by Xora Innovation, Temasek’s Early-Stage deep-tech investing platform. The
NineDot Energy, a developer of community-scale clean energy projects, closed an additional $25 million revolving credit debt facility provided by NY Green Bank, a New
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, 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, 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
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, 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