Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Palo Alto, CA
Thursday, July 18, 2024
Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Published by
Rafaela Jinich
Peak Energy is proud to announce the successful closure of a $55 million funding round aimed at accelerating the development and commercialization of our sodium-ion battery technology. This investment underscores the growing interest in alternative energy storage solutions that can complement or replace traditional lithium-ion batteries, particularly in grid-scale applications.
Strategic Vision
Our mission is to address the critical need for cost-effective, scalable, and domestically produced energy storage solutions. Sodium-ion batteries offer several advantages over lithium-ion counterparts, including the use of abundant and locally sourced materials, enhanced safety profiles, and suitability for large-scale energy storage systems.
By focusing on sodium-ion technology, Peak Energy aims to reduce reliance on critical minerals such as lithium, cobalt, and nickel, which are often subject to supply chain constraints and geopolitical risks. This approach aligns with broader efforts to enhance energy security and promote sustainable manufacturing practices within the United States.
Deployment and Manufacturing Plans
The capital raised will enable Peak Energy to initiate pilot programs with key industry partners, including major Independent Power Producers and electric utility companies. These pilot projects are scheduled to commence in 2025, with the goal of demonstrating the efficacy and reliability of our sodium-ion battery systems in real-world grid applications.
Furthermore, we plan to establish a domestic, giga-scale sodium-ion battery manufacturing facility by 2027. This facility will play a pivotal role in scaling production and ensuring a robust supply chain for our innovative battery technology.
Key Takeaways
Significant Investment: Secured $55 million in funding to advance the development and commercialization of sodium-ion battery technology.
Strategic Partnerships: Collaborating with major Independent Power Producers and electric utility companies through pilot programs set to begin in 2025.
Manufacturing Expansion: Plans underway to establish a domestic, giga-scale sodium-ion battery manufacturing facility by 2027, reinforcing our commitment to U.S.-based manufacturing and energy independence.
Advancing Renewable Energy: Our sodium-ion technology offers a cost-effective, scalable, and safer alternative to lithium-ion batteries, addressing the critical need for reliable energy storage solutions in the transition to renewable energy sources.
More articles
Wednesday, July 30, 2025
PR Newswire
Peak Energy Delivers First Grid-Scale, Sodium-Ion Battery Storage System in the U.S.
Denver, CO
Today, Peak announced the launch and shipment of its sodium-ion battery energy storage system (ESS) that delivers a patent-pending passive cooling design to dramatically reduce lifetime energy costs. Cost-competitive with state of the industry products while offering dramatically lower operating and maintenance costs, Peak Energy's product is the first ever fully passive megawatt-hour scale battery storage system, the largest sodium-ion phosphate pyrophosphate (NFPP) battery system in the world, and the first grid-scale sodium-ion storage solution ever deployed to the U.S. electric grid. Deploying the system in a shared pilot with nine leading utility and independent power producer (IPP) customers this summer, Peak Energy is fast-tracking its promise to onshore battery manufacturing.
Saturday, January 25, 2025
The Information
Peak Energy selected as America's most promising energy start up – The Information
New York, NY
Peak Energy is proud to announce the successful closure of a $55 million funding round aimed at accelerating the development and commercialization of our sodium-ion battery technology. This investment underscores the growing interest in alternative energy storage solutions that can complement or replace traditional lithium-ion batteries, particularly in grid-scale applications.
Friday, December 20, 2024
The Wall Street Journal
The Unlikely Ingredient That Could End U.S. Dependence on Chinese Batteries
Batteries that use sodium instead of lithium could allow the U.S. and its allies to create a completely new supply chain for the energy storage taking off across the world
Monday, December 16, 2024
PV Magazine USA
Peak Energy Opens Battery Cell Engineering Center
Broomfield, CO
Peak Energy is proud to announce the inauguration of our state-of-the-art Battery Cell Engineering Center located in Broomfield, Colorado. This facility marks a significant milestone in our mission to advance sodium-ion battery technology and establish a robust domestic supply chain for energy storage solutions in the United States.
Friday, July 19, 2024
tn global
Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Singapore
Peak Energy has closed a $55M Series A led by Xora Innovation, with participation from Eclipse, TDK Ventures, and new strategic investors. The funding will accelerate full-scale sodium-ion system production and break ground on Peak’s first U.S. giga-scale sodium-ion battery factory, slated to open in 2027. Pilot deployments begin next year with six premier customers — including three of the nation’s top five independent power producers — marking a pivotal step toward U.S.-produced, utility-scale sodium-ion storage.
Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Palo Alto, CA
Thursday, July 18, 2024
Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Published by
Rafaela Jinich
Peak Energy is proud to announce the successful closure of a $55 million funding round aimed at accelerating the development and commercialization of our sodium-ion battery technology. This investment underscores the growing interest in alternative energy storage solutions that can complement or replace traditional lithium-ion batteries, particularly in grid-scale applications.
Strategic Vision
Our mission is to address the critical need for cost-effective, scalable, and domestically produced energy storage solutions. Sodium-ion batteries offer several advantages over lithium-ion counterparts, including the use of abundant and locally sourced materials, enhanced safety profiles, and suitability for large-scale energy storage systems.
By focusing on sodium-ion technology, Peak Energy aims to reduce reliance on critical minerals such as lithium, cobalt, and nickel, which are often subject to supply chain constraints and geopolitical risks. This approach aligns with broader efforts to enhance energy security and promote sustainable manufacturing practices within the United States.
Deployment and Manufacturing Plans
The capital raised will enable Peak Energy to initiate pilot programs with key industry partners, including major Independent Power Producers and electric utility companies. These pilot projects are scheduled to commence in 2025, with the goal of demonstrating the efficacy and reliability of our sodium-ion battery systems in real-world grid applications.
Furthermore, we plan to establish a domestic, giga-scale sodium-ion battery manufacturing facility by 2027. This facility will play a pivotal role in scaling production and ensuring a robust supply chain for our innovative battery technology.
Key Takeaways
Significant Investment: Secured $55 million in funding to advance the development and commercialization of sodium-ion battery technology.
Strategic Partnerships: Collaborating with major Independent Power Producers and electric utility companies through pilot programs set to begin in 2025.
Manufacturing Expansion: Plans underway to establish a domestic, giga-scale sodium-ion battery manufacturing facility by 2027, reinforcing our commitment to U.S.-based manufacturing and energy independence.
Advancing Renewable Energy: Our sodium-ion technology offers a cost-effective, scalable, and safer alternative to lithium-ion batteries, addressing the critical need for reliable energy storage solutions in the transition to renewable energy sources.
More articles
Peak Energy Delivers First Grid-Scale, Sodium-Ion Battery Storage System in the U.S.
Denver, CO
Peak Energy selected as America's most promising energy start up – The Information
New York, NY
The Unlikely Ingredient That Could End U.S. Dependence on Chinese Batteries
Peak Energy Opens Battery Cell Engineering Center
Broomfield, CO
Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Singapore
Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Palo Alto, CA
Thursday, July 18, 2024
Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Published by
Rafaela Jinich
Peak Energy is proud to announce the successful closure of a $55 million funding round aimed at accelerating the development and commercialization of our sodium-ion battery technology. This investment underscores the growing interest in alternative energy storage solutions that can complement or replace traditional lithium-ion batteries, particularly in grid-scale applications.
Strategic Vision
Our mission is to address the critical need for cost-effective, scalable, and domestically produced energy storage solutions. Sodium-ion batteries offer several advantages over lithium-ion counterparts, including the use of abundant and locally sourced materials, enhanced safety profiles, and suitability for large-scale energy storage systems.
By focusing on sodium-ion technology, Peak Energy aims to reduce reliance on critical minerals such as lithium, cobalt, and nickel, which are often subject to supply chain constraints and geopolitical risks. This approach aligns with broader efforts to enhance energy security and promote sustainable manufacturing practices within the United States.
Deployment and Manufacturing Plans
The capital raised will enable Peak Energy to initiate pilot programs with key industry partners, including major Independent Power Producers and electric utility companies. These pilot projects are scheduled to commence in 2025, with the goal of demonstrating the efficacy and reliability of our sodium-ion battery systems in real-world grid applications.
Furthermore, we plan to establish a domestic, giga-scale sodium-ion battery manufacturing facility by 2027. This facility will play a pivotal role in scaling production and ensuring a robust supply chain for our innovative battery technology.
Key Takeaways
Significant Investment: Secured $55 million in funding to advance the development and commercialization of sodium-ion battery technology.
Strategic Partnerships: Collaborating with major Independent Power Producers and electric utility companies through pilot programs set to begin in 2025.
Manufacturing Expansion: Plans underway to establish a domestic, giga-scale sodium-ion battery manufacturing facility by 2027, reinforcing our commitment to U.S.-based manufacturing and energy independence.
Advancing Renewable Energy: Our sodium-ion technology offers a cost-effective, scalable, and safer alternative to lithium-ion batteries, addressing the critical need for reliable energy storage solutions in the transition to renewable energy sources.
More articles
Peak Energy Delivers First Grid-Scale, Sodium-Ion Battery Storage System in the U.S.
Denver, CO
Peak Energy selected as America's most promising energy start up – The Information
New York, NY
The Unlikely Ingredient That Could End U.S. Dependence on Chinese Batteries
Peak Energy Opens Battery Cell Engineering Center
Broomfield, CO