The California-based startup has pulled in $108M over a fundraising round led by General Motors Ventures. The company’s pitch: Peak Energy says its batteries harness passive cooling, which makes them simpler and cheaper to operate than other tech.
Sodium’s rise to stardom: Sodium-ion batteries could edge out lithium-ion tech by avoiding the need for scarce lithium resources (instead, they rely on elements commonly found in seawater and mineral deposits across the globe).
What’s next: With over 6 GWh of customer commitments on the books, Peak is seeking to begin production at its new CA plant in early 2027.
Sat, Oct 24
Molly Glick
Energy Central Team
NEWS: Sodium-ion battery maker Peak Energy has raised over $100M.
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