Grid-scale battery storage is crucial to the success of the transition to renewable energy. Wind and solar are marvelous technologies, but their output tends to vary depending on wind speeds, cloud cover, and other factors. Until recently, grid-scale storage batteries have relied on lithium-ion batteries — NMC to begin with, but LFP more recently.
“Sodium-ion is the key to unlocking the potential of renewable energy and will finally enable power providers to fully decarbonize the grid,” said CEO Landon Mossburg. “The timing could not be better to build a company in this space, and we already have momentum with key customers and partners like Doral Energy. There is a massive opportunity for the United States to emerge as the global leader in sodium ion production and deployment, and Peak Energy is at the forefront of that effort.
“The cost of energy is directly correlated to human progress — improving health outcomes, solving food scarcity and reducing poverty all depend on access to low-cost energy,” said Greg Reichow. “For the U.S. to become a global leader in renewable energy, we cannot afford to place the wrong bets. We must invest in the ventures and the people who have demonstrated they can get to scale quickly, and Peak’s founding team brings an unprecedented level of credibility and experience to Peak’s mission.
Beginning in 2025, Peak Energy will start deploying its sodium-ion systems while simultaneously building a domestic, giga-scale battery factory that is scheduled to begin operations in 2026. The initial round of financing will allow the team to accelerate product development, lay the groundwork for building out manufacturing in the U.S. and acquire strategic talent to push the mission forward.
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