What is VoltStorage?
VoltStorage specializes in developing innovative energy storage systems designed to maximize energy value and minimize waste. Their flagship product, the Iron + Salt Battery Vault, offers a cost-effective and durable solution for long-duration energy storage, catering to a diverse clientele including energy providers, utility grid operators, and commercial industrial sectors. The company's mission is to enhance the resilience and sustainability of future power grids by effectively bridging the energy gap.
How much funding has VoltStorage raised?
VoltStorage has raised a total of $31M across 2 funding rounds:
Other Financing Round
$7M
Series C
$24M
Other Financing Round (2020): $7M with participation from EIT InnoEnergy, Korys, Energie360, Matthias Willenbacher,, Bayern Kapital GmbH, and SOSV LLC
Series C (2022): $24M led by Cummins
Key Investors in VoltStorage
Cummins
Cummins Inc. is a global power leader that designs, manufactures, and distributes a wide range of power solutions, including diesel and natural gas engines, and power generation systems. Their investment in VoltStorage likely signals a strategic interest in advanced energy storage technologies to complement their existing power generation and distribution offerings.
Korys
Korys is an entrepreneurial investment company focused on shaping a sustainable future through long-term partnerships, with key themes including the Energy Transition. Their investment in VoltStorage aligns with their commitment to supporting companies that address environmental challenges and contribute to a more sustainable energy landscape.
EIT InnoEnergy
EIT InnoEnergy is a European initiative focused on driving innovation and entrepreneurship in the energy sector. Their backing of VoltStorage highlights the company's innovative approach to energy storage and its potential to contribute to Europe's energy competitiveness and sustainable growth.
What's next for VoltStorage?
The substantial enterprise-level backing and recent strategic investment position VoltStorage for accelerated growth and market expansion. This infusion of capital is expected to fuel further research and development into their ultra-low-cost, durable long-duration energy storage systems. VoltStorage is poised to play a critical role in the ongoing energy transition, providing essential infrastructure for grid stability and renewable energy integration. Their focus on maximizing energy value and eliminating waste aligns with global sustainability goals, suggesting a trajectory towards becoming a key player in the future of energy management.
See full VoltStorage company page
