Natron Energy, a California-based startup developing a battery using Prussian blue analogue electrodes and a #sodium-ion #electrolyte, has raised $35 million in series D funding round led by ABB Technology Ventures, NanoDimension Capital and Volta Energy Technologies.
Return backers Chevron Technology Ventures, Khosla Ventures, and Prelude Ventures also participated. Fluxus Ventures has also invested in the company, which has received more than $50 million in venture funding and more than $5 million in Advanced Research Projects Agency–Energy (ARPA-E) and US Department of Energy funding.
Natron Energy is the former Alveo, which was founded in 2012, based on work within the Huggins Group by co-founder Dr. Colin Wessells at Stanford University. Although Prussian blue provides modest energy density, the startup claims it is so earth-available and inexpensive that it could provide a cost-effective and sustainable answer for stationary energy storage.
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US sodium-ion battery developer raises $35M as storage investment surges
Natron Energy, a California-based startup developing a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte, has raised $35 million in series D funding round led by ABB Technology Ventures, NanoDimension Capital and Volta Energy Technologies. Return backers Chevron Technology Ventures, Khosla Ventures, and Prelude Ventures also participated.
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