DG Matrix provides solid-state transformer solutions for data centers and electrification projects such as microgrids and EV fleets. Now the company has secured $20 million in an oversubscribed seed funding round. Clean Energy Ventures led the round, and industry stalwarts including ABB, Cerberus Ventures, Chevron Technology Ventures and Piedmont Capital participated. The new funding brings … Continue reading “DG Matrix raises $20 million to commercialize its multi-port solid-state transformer solutions”
Written by Electric Vehicles Magazine
Many of the world’s hardest-to-decarbonize industries face a similar challenge: how to obtain the white-hot heat their operations need — without using fossil fuels. RedoxBlox, a San Diego-based startup that landed $31 million in venture investment on Wednesday, says it has found a clever way to achieve this task: using the power of chemical reactions to store energy … Continue reading “RedoxBlox raises $31M to commercialize its energy storage ‘booster’”
Written by Electric Vehicles Magazine
US-based solid-state battery manufacturer Ion Storage Systems will receive $20 million from the US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) Seeding Critical Advances for Leading Energy Technologies with Untapped Potential (SCALEUP) program. Ion was one of four companies to secure funding from SCALEUP in 2024 as part of its $63.5-million program budget. The … Continue reading “Ion Storage Systems to receive $20 million in ARPA-E funding to commercialize solid-state battery”