![]() ![]() The company’s primary product is an 8kW, 50V battery tray for use in datacentres to manage peak computer load and provide critical back-up power. The company’s patented technology is based on Prussian blue analogue electrodes and a sodium-ion electrolyte. ![]() ![]() Natron, formerly Alveo Energy, was founded in 2012 as a spin-off from Stanford University. Natron said the series D investment pushed its total funding since inception past $70m and would increase the commercialisation of its sodium-ion battery up to 10 times by 2021. The announcement comes just weeks after Natron raised $35m in series D funding, which was co-led by ABB Technology Ventures, NanoDimension Capital and Volta Energy Technologies, with existing investors Chevron, Khosla Ventures and Prelude continuing their participation in funding. The DOE said the award was made under the Advanced Research Projects Agency-Energy’s programme for ‘Seeding Critical Advances for Leading Energy technologies with Untapped Potential’. California battery tech firm Natron Energy has won a funding boost of nearly $20m (£15.5m) from the US Department of Energy (DOE) towards commercial development of its ‘Prussian blue electrode sodium-ion’ chemistry. ![]()
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