Global Infrastructure SherpaPeak Energy Invests $30 Million in Energy Storage Startup, GridScale
Peak Energy invested $30 million in GridScale, an energy storage startup, to support the development of advanced battery technologies.
Source Intelligence
Peak Energy is focused on bringing sodium-ion battery storage to the grid. "Peak Energy’s sodium-ion batteries will deploy to a select group of six premier customers starting in 2025, including three of the top five largest Independent Power Producers (IPPs) and electric utility companies in the country." "Peak Energy is also on track to start the first giga-scale production of sodium cells outside of China in early 2027."
"Enter Peak Energy , which nine months ago launched out of Eclipse’s Venture Equity program to solve this problem with a sustainable, affordable, and reliable storage solution for the grid."
"led by Xora Innovation, an Early-Stage deep tech investing platform of Temasek"
"Eclipse was also a significant participant after leading the company’s seed round"
"along with strategic partner TDK Ventures"
"and new investors Lachy Groom"
"Tishman Speyer"
"Doral"
"TechEnergy Ventures"