Founded in 2009, LightSail Energy is applying thermodynamics (the science of heat transfer and utilization) to solve the problems of today's electrical grid. The lack of economical energy storage at megawatt scale has limited the penetration of renewable energy generation, such as wind and solar, in many parts of the world and has limited grid transmission capacity. LightSail's technology makes power available when it's needed, not just when it's available.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 11/05/12 | $37,300,000 | Series D |
Bill Gates Innovacorp Peter Thiel | undisclosed |
| 02/25/13 | undisclosed | Series D-2 |
Total Energy Ventures | undisclosed |
