Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Singapore
Friday, July 19, 2024
Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Published by
TechNode Global Staff
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 Closes $55M Series A to Accelerate U.S. Sodium-Ion Leadership
Peak Energy has secured $55M in Series A funding led by Xora Innovation, joined by Eclipse, TDK Ventures, and new strategic investors including Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures, and DETV-Scania Invest.
The investment marks a pivotal milestone in Peak Energy’s mission to establish a new standard for utility-scale energy storage with domestically produced sodium-ion technology.
Deployment and Growth Plan
Pilot Programs 2025: Peak will deliver sodium-ion systems to six premier customers — including three of the top five independent power producers and leading utilities.
U.S. Giga-Factory: Construction begins on Peak’s first domestic giga-scale sodium-ion facility, slated for commissioning in 2027.
Scaling for Demand: Series A capital supports scaling production and meeting strong commercial demand for safe, cost-effective grid storage.
Industry Positioning
Sodium-ion offers significant advantages over lithium-ion — including lower cost, abundant domestic materials, and enhanced safety. As the global market transitions to sodium-ion at giga-scale, Peak Energy is positioned to lead deployment in the U.S.
Leadership Perspective
Landon Mossburg, CEO & Co-Founder: “Utility-scale storage powered by sodium-ion is the answer to securing a resilient, decarbonized grid. With this investment, Peak Energy is moving at the pace this moment demands.”
Phil Inagaki, Xora Innovation: “Peak Energy has assembled a world-class team with the urgency and execution needed to deliver clean energy at scale. The timing for sodium-ion is now.”
Greg Reichow, Eclipse: “It’s time to build an American battery company capable of competing globally at scale. Peak Energy is that company.”
Strategic Impact
This funding round accelerates Peak Energy’s path from stealth launch in 2023 to full-scale sodium-ion production, aligning with U.S. policy objectives, customer demand, and the company’s mission to establish America as a global leader in sodium-ion manufacturing.
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.
Thursday, July 18, 2024
Bloomberg
Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Palo Alto, CA
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.
Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Singapore
Friday, July 19, 2024
Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Published by
TechNode Global Staff
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 Closes $55M Series A to Accelerate U.S. Sodium-Ion Leadership
Peak Energy has secured $55M in Series A funding led by Xora Innovation, joined by Eclipse, TDK Ventures, and new strategic investors including Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures, and DETV-Scania Invest.
The investment marks a pivotal milestone in Peak Energy’s mission to establish a new standard for utility-scale energy storage with domestically produced sodium-ion technology.
Deployment and Growth Plan
Pilot Programs 2025: Peak will deliver sodium-ion systems to six premier customers — including three of the top five independent power producers and leading utilities.
U.S. Giga-Factory: Construction begins on Peak’s first domestic giga-scale sodium-ion facility, slated for commissioning in 2027.
Scaling for Demand: Series A capital supports scaling production and meeting strong commercial demand for safe, cost-effective grid storage.
Industry Positioning
Sodium-ion offers significant advantages over lithium-ion — including lower cost, abundant domestic materials, and enhanced safety. As the global market transitions to sodium-ion at giga-scale, Peak Energy is positioned to lead deployment in the U.S.
Leadership Perspective
Landon Mossburg, CEO & Co-Founder: “Utility-scale storage powered by sodium-ion is the answer to securing a resilient, decarbonized grid. With this investment, Peak Energy is moving at the pace this moment demands.”
Phil Inagaki, Xora Innovation: “Peak Energy has assembled a world-class team with the urgency and execution needed to deliver clean energy at scale. The timing for sodium-ion is now.”
Greg Reichow, Eclipse: “It’s time to build an American battery company capable of competing globally at scale. Peak Energy is that company.”
Strategic Impact
This funding round accelerates Peak Energy’s path from stealth launch in 2023 to full-scale sodium-ion production, aligning with U.S. policy objectives, customer demand, and the company’s mission to establish America as a global leader in sodium-ion manufacturing.
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
Peak Energy Secures $55 Million to Advance Sodium-Ion Battery Technology as a Viable Lithium Alternative
Palo Alto, CA
Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Singapore
Friday, July 19, 2024
Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
Published by
TechNode Global Staff
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 Closes $55M Series A to Accelerate U.S. Sodium-Ion Leadership
Peak Energy has secured $55M in Series A funding led by Xora Innovation, joined by Eclipse, TDK Ventures, and new strategic investors including Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures, and DETV-Scania Invest.
The investment marks a pivotal milestone in Peak Energy’s mission to establish a new standard for utility-scale energy storage with domestically produced sodium-ion technology.
Deployment and Growth Plan
Pilot Programs 2025: Peak will deliver sodium-ion systems to six premier customers — including three of the top five independent power producers and leading utilities.
U.S. Giga-Factory: Construction begins on Peak’s first domestic giga-scale sodium-ion facility, slated for commissioning in 2027.
Scaling for Demand: Series A capital supports scaling production and meeting strong commercial demand for safe, cost-effective grid storage.
Industry Positioning
Sodium-ion offers significant advantages over lithium-ion — including lower cost, abundant domestic materials, and enhanced safety. As the global market transitions to sodium-ion at giga-scale, Peak Energy is positioned to lead deployment in the U.S.
Leadership Perspective
Landon Mossburg, CEO & Co-Founder: “Utility-scale storage powered by sodium-ion is the answer to securing a resilient, decarbonized grid. With this investment, Peak Energy is moving at the pace this moment demands.”
Phil Inagaki, Xora Innovation: “Peak Energy has assembled a world-class team with the urgency and execution needed to deliver clean energy at scale. The timing for sodium-ion is now.”
Greg Reichow, Eclipse: “It’s time to build an American battery company capable of competing globally at scale. Peak Energy is that company.”
Strategic Impact
This funding round accelerates Peak Energy’s path from stealth launch in 2023 to full-scale sodium-ion production, aligning with U.S. policy objectives, customer demand, and the company’s mission to establish America as a global leader in sodium-ion manufacturing.
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