—
00:00
Money for You
Money for You
USD/RUB—
EUR/RUB—
Market Quotes

Peak Energy Secures $108 Million for Sodium-Ion Battery Expansion

A $108 million infusion led by General Motors’ venture arm is set to propel Peak Energy’s push into the data-center sector. The Burlingame-based startup plans to use the capital to scale domestic manufacturing, aiming to satisfy a backlog of customer orders currently valued at more than $1 billion.

The company specializes in sodium-ion battery systems designed to operate with significantly less cooling infrastructure than traditional energy-storage technologies. This efficiency makes them a strategic fit for the high-density power requirements of modern data centers. The latest funding round was oversubscribed, drawing participation from Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation, and LG Technology Ventures.

This financing deepens a relationship established in June, when Peak Energy and GM entered a joint development agreement for next-generation battery cells. By leveraging GM’s domestic manufacturing expertise, the startup intends to transition from development to large-scale production. The capital injection provides the necessary runway to fulfill their growing commercial pipeline while standardizing a technology intended to disrupt the conventional storage market.

Share

Comments (0)

Leave a comment

No comments yet. Be the first!