Energy Storage News•30 days ago
Organic flow battery company CMBlu closes €50 million Series C
Key Takeaway
Significant investment in organic flow battery technology signals a maturing market for non-lithium, long-duration energy storage solutions, offering new options for developers and large power consumers.
AI Summary
- •Organic flow battery developer CMBlu Energy secured €50 million (US$58.76 million) in Series C funding, with participation from Samsung Ventures.
- •This significant investment validates the growing potential of non-lithium, long-duration energy storage technologies.
- •For developers and large power consumers, this signals an accelerating path to commercialization for alternative battery chemistries, potentially expanding future options for grid stability and industrial applications.
Topics
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