BURLINGAME, CA, Peak Energy, the leading developer of passively cooled sodium-ion energy storage systems for the grid, announced the closing of its oversubscribed Series B financing round led by General Motors.
Peak Energy, the leading developer of passively cooled sodium-ion energy storage systems for the grid, announced the closing of its oversubscribed Series B financing round led by General Motors Ventures with participation from Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation, and LG Technology Ventures. The new $108 million in financing positions Peak to scale domestic manufacturing, fulfill over $1 billion in existing customer orders, and launch its product to the data center market where access to power has become the primary constraint on growth.
(c) by Massinvestor, Inc. For contact info, please check out our
about page.