Temasek's Xora Innovation leads $55M Series A funding round in US battery maker Peak Energy
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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.
