Indias Offgrid raises $15M to make lithium optional for battery storage | TechCrunch

Image for article Indias Offgrid raises $15M to make lithium optional for battery storage | TechCrunch
News Source : TechCrunch

News Summary

  • Offgrid Energy Labs has raised $15 million in Series A funding to scale up its operations.
  • The 7-year-old startup has developed a zinc-bromine-based battery system as an alternative to lithium-ion technology.
  • Called ZincGel, it delivers 80-90% of the energy efficiency of conventional lithium batteries, but at a significantly lower levelized cost of storage.
  • It plans to build a 10-megawatt-hour demonstration facility in the U.K., expected to be ready by the first quarter of 2026.
Lithium has become the default choice for batterypowered systems, but its limitations from volatile supply chains to short lifespans are becoming increasingly difficult to ignore. Offgrid Energy Lab [+5865 chars]

Must read Articles