Form has raised over $50 million in funding from investors Eni Next, MIT’s The Engine, Breakthrough Energy Ventures, Prelude Ventures, Capricorn Investment Group and Macquarie Capital. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful. Form Energy claims its aqueous air battery provides 150-hour duration storage.Eos has spent over $160 million from investors including AltEnergy, Holtec International, Reservoir Capital Group, and Generation Capital. Eos Energy Storage with its four- to six-hour duration zinc battery chemistry announced its intention to go public via a SPAC.Within the last few months, we’ve seen these energy storage investments. Investors seem fascinated by energy storage this year, the long-duration variety in particular. Lithium-ion batteries have their disadvantages - high reactivity, conflict minerals and environmental risk - but they are the clear-cut dominant winner in today’s battery race. energy storage deployments reached roughly 500 MW in 2019 - of which only a few megawatts were non-lithium-ion chemistries. Otherwise, Natron will be competing with the incumbent stationary energy storage technology - lithium ion. Natron’s batteries survive tens of thousands of deep discharge cycles, can be fully charged or discharged in just minutes, and cost significantly less than incumbent lead acid batteries.”įrom that description, it appears that Natron is going after lead-acid battery edge cases. Colin Wessells at Stanford University.Īlthough Prussian blue provides modest energy density, the startup claims that Prussian blue is so earth-available and inexpensive that it could provide a cost-effective and sustainable answer for stationary energy storage.Īccording to its website, Natron is developing batteries for “data-center UPS, electric forklifts, smart grids/microgrids, and renewables support. Natron is the former Alveo which was founded in 2012, based on work within the Huggins Group by co-founder Dr.

Fluxus Ventureshas also invested in the firm which has received a total of more than $50 million in venture funding and more than $5 million in ARPA-E and DOE funding. Return backers Chevron Technology Ventures, Khosla Ventures, and Prelude Ventures also participated. Natron Energy, a Santa Clara, Calif.-based startup developing a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte, raised $35 million in series D funding led by ABB Technology Ventures, NanoDimension Capital and Volta Energy Technologies.

Natron battery