From Pulse 2.0 · Amit Chowdhry · · 1m
Peak Energy Raises $108 Million Series B
Peak Energy secures $108m Series B to scale U.S. sodium-ion storage manufacturing.
In brief
Peak Energy secures $108m Series B to scale U.S. sodium-ion storage manufacturing. Peak Energy raised $108 million in Series B funding to expand domestic manufacturing of sodium-ion energy storage systems for data centers and grid applications. Originally reported by Pulse 2.0.
Series B Financing
Peak Energy raised $108 million in an oversubscribed Series B round to scale domestic manufacturing of sodium-ion energy storage systems and fulfill over $1 billion in customer orders.
Investors
General Motors Ventures led the round with participation from Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation, and LG Technology Ventures.
Sodium-Ion Technology
Peak Energy develops passively cooled sodium-ion systems for grid-scale applications as a cheaper alternative to lithium-ion storage for utilities and data centers.
Customer Orders
Peak has secured more than $1 billion in commercial agreements with Jupiter Power, RWE, and Energy Vault, and data centers.
Manufacturing Facility
Peak unveiled a 4 GWh facility in Sacramento, California, expected to begin production in q1 2027 to support scaling domestic manufacturing.
The bottom line
Peak Energy raised $108 million in Series B funding to expand domestic manufacturing of sodium-ion energy storage systems for data centers and grid applications.
