Top 10 Energy Storage startups

Updated: March 03, 2024

Energy storage startups are dedicated to developing innovative energy storage technologies, such as advanced lithium-ion batteries, gravity storages, compressed air energy storage (CAES), and hydrogen storage systems, to store excess energy generated from renewable sources, optimize grid stability, and provide reliable backup power, enabling the integration of intermittent renewable energy sources, reducing reliance on fossil fuels, and facilitating a more resilient and sustainable energy infrastructure.
1
Country: USA | Funding: $1.8B
Bloom Energy offers on-site power generation systems that can use a wide variety of inputs to generate electricity.
2
Country: UK | Funding: $1.8B
Zenobe Energy is the largest independent owner and operator of battery storage in the UK. It buys and manages grid-scale batteries for its commercial customers, such as utilities and electric-vehicle operators.
3
Country: USA | Funding: $1.1B
Longroad Energy, focused on wind, solar and storage project development
4
Country: USA | Funding: $970.8M
Eos produces cost effective energy storage solutions that are less expensive than other battery technologies.
5
Country: USA | Funding: $935.8M
Form Energy is developing a brand new class of ultra-low cost, long duration energy storage systems. With these new systems, renewables can be made fully firm and dispatchable year-round, and transmission capacity can be expanded without the need for new wires.
6
Country: USA | Funding: $907.5M
Recurrent Energy provides distributed solar power that makes renewable energy a practical choice for large scale energy users.
7
Country: USA | Funding: $756.2M
Group14 Technologies is a battery storage technology company that develops silicon-carbon composite materials for lithium-ion markets.
8
Country: USA | Funding: $582.6M
Stem pairs artificial intelligence with energy storage to help organizations automate energy cost savings and protect against changing rates.
9
Country: Germany | Funding: €403M
SunFire provides liquid fuels and combustibles. It offers petrol and diesel from carbon dioxide and water by coupling renewable energy, as well as kerosene, waxes, methanol, and methane/synthetic natural gas. The company also allows storage of renewable electrical power in liquid fuels with storage, loading, and transport capabilities.
10
Country: Switzerland | Funding: $430M
Energy Vault SA offers ground-breaking energy storage technology utilizing fundamental principles of science to deliver a storage solution.
11
Country: USA | Funding: $390M
Our Next Energy is a developer of innovative energy storage solutions to expand access to sustainable power.
12
Country: UK | Funding: £287M
Field is a renewable energy company aiming to accelerate the build-out of renewable infrastructure needed to reach net zero. It is building battery storage projects across the UK
13
Country: USA | Funding: $336.2M
NineDot Energy creates innovative energy solutions that make the urban grid cleaner, more resilient and less costly. It wants to turn underused properties into community battery-farm projects.
14
Country: Estonia | Funding: €313.3M
Skeleton Technologies is a manufacturer and developer of high energy and power density ultracapacitors.
15
Country: USA | Funding: $324.5M
ESS is a leading provider of long-duration energy storage solutions ideally suited for C&I, utility, microgrid and off-grid applications. Using food-grade, earth-abundant elements like iron, salt, and water for the electrolyte, its innovative iron flow battery system is changing how the industry deploys energy storage.
16
Country: Canada | Funding: $322M
Hydrostor is a developer of Advanced Compressed Air Energy Storage (A-CAES), a long-duration, emission-free, cost-effective energy storage.
17
Country: USA | Funding: $282.5M
FlexGen designs and integrates storage solutions and the software platform that is enabling today’s energy transition.
18
Country: USA | Funding: $211.4M
Ambri develops a liquid battery that will change the world of grid-scale storage systems for solar and wind energy
19
Country: USA | Funding: $205.5M
Antora Energy is electrifying heavy industry with thermal energy storage for zero-carbon heat and power.
20
Country: USA | Funding: $203.4M
SolarReserve is a leading global developer of utility-scale solar power projects, which include electricity generation by solar thermal energy and photovoltaic panels. In addition, SolarReserve has commercialized a proprietary advanced solar thermal technology with integrated molten salt energy storage that solves the intermittency issues experienced with other renewable energy sources.
21
Country: Italy | Funding: $166.9M
Energy Dome develops a low-cost and efficient system for long-duration electricity storage using liquid CO2.
22
Country: USA | Funding: $160M
Powin Energy is a market leader in the manufacturing and development of energy storage technology used in stationary. Powin buys battery cells and hooks them up with proprietary software controls and ancillary equipment to produce full-fledged power plants. It competes in the upper echelons of the energy storage integration market with the likes of Tesla, Fluence and Wärtsilä.
23
Country: Norway | Funding: $131.5M
EnergyNest offers a truly game changing technology for storing thermal energy on a large scale.
24
Country: USA | Funding: $125M
Fluence makes energy storage technology solutions and services.
25
Country: USA | Funding: $120M
On.Energy is an energy storage developer that offers AI-powered energy management software and in-house analytics for grid-scale projects.
26
Country: USA | Funding: $112M
EnerVenue provides metal-hydrogen batteries for large-scale renewable and storage applications.
27
Country: USA | Funding: $108.5M
Alphabet Spin-Off Malta uses a heat pump to store electricity in hot molten salts and cold antifreeze liquid, then uses a heat engine to convert the energy back to electricity for the grid; electricity goes in and electricity goes out.
28
Country: Belgium | Funding: €100M
247 builds containerized LNG/H2 power plants to supply electricity, heat and/or cooling used as redundant off-grid solution, low carbon footprint & low running cost. 247 can be used as permanent power source for industrial sites, residential buildings, small remote villages, airports, sea-ports, hospitals, or as solar/ wind farm backup.
29
Country: Germany | Funding: $74.4M
Twaice is the new analytics platform for Battery Data. The company build virtual battery models and constantly collect data with smart control units. This platform provides all battery data in one place, offer on-demand reports, and predictive diagnostics. This indeed simplifies battery testing, improve lifetime and prevent downtimes.
30
Country: Germany | Funding: €65.1M
VoltStorage is an electric storage device that can store clean solar power during the day to power your home at night. It will save you a lot of money, protect the environment and help to stabilize the grid.
31
Country: UK | Funding: $61.7M
Highview Power’s CRYOBattery delivers, clean, reliable, and cost-efficient long-duration energy storage to enable a 100% renewable energy future. It is storing energy in “liquid air”—when you compress a gas enough, it turns liquid
32
Country: Israel | Funding: $60M
Brenmiller Energy, based on its unique storage technology, provides sustainable energy solutions to the Distributed Generation market.
33
Country: USA | Funding: $57M
Electriq Power is a provider of smart home battery storage solution for homes and small businesses.
34
Country: USA | Funding: $52.5M
Ion Storage Systems is focused on developing the most energy dense, safest batteries that can be deployed in any environment. Breakthroughs in solid state battery technology have led to a battery that meets the mission critical needs for the defense and aerospace industries; and safer more efficient for consumer electronics and electric vehicles.
35
Country: Netherlands | Funding: €45M
Greener Power Solutions supplies temporary on-and off-grid electrical energy by means of mobile batteries in an independent network or combination with other energy sources.
36
Country: USA | Funding: $46.9M
LightSail Energy develops breakthrough, high efficiency energy storage systems using compressed air.
37
Country: Germany | Funding: $42.5M
instagrid is a provider of portable battery storage to easily create mobile power infrastructures.
38
Country: Israel | Funding: $42.2M
Nostromo Energy designed a water-based energy storage system that is challenging the current BTM energy storage landscape.
39
Country: Canada | Funding: $42.2M
e-Zinc is an electrochemical technology developer of energy storage solutions.
40
Country: UK | Funding: £35M
Exagen Group is building the next generation of utility scale solar farms co-located with grid-balancing battery storage facilities.
41
Country: USA | Funding: $38.6M
Nanoramic Laboratories is an industry-leading energy storage technology company & materials solutions innovator for Neocarbonix™ electrodes
42
Country: USA | Funding: $35.8M
Yotta is developing modular energy storage device designed to reduce cost & expand development of energy storage & solar micro-grids.
43
Country: USA | Funding: $31.3M
Quidnet Energy is developing an alternative approach to energy storage by storing water to deliver energy. This new form of sub-surface pumped hydro storage enables large-scale deployment of renewable energy and allows for predictable, dispatchable delivery of power from intermittent renewable energy resources such as solar and wind. Quidnet’s energy system is widely deployable and integrates seamlessly with existing generating facilities.
44
Country: USA | Funding: $31.2M
Noon Energy develops a flow battery technology that enables economical long-duration energy storage.
45
Country: Germany | Funding: €25.5M
Kraftblock is the energy storage, based on a bottom-up materials-development, which enables the energy transition to 100% renewables in an ecological and economical sensfull way.
46
Country: India | Funding: $25M
Matter is pushing the boundaries of performance, safety and reliability in energy storage and management
47
Country: UK | Funding: $24.3M
Moixa is the UK’s leading smart battery company. We develop our Smart Battery hardware and GridShare software to facilitate smart energy storage and sharing.
48
Country: Canada | Funding: $20.6M
Moment Energy develops clean, affordable, and reliable energy storage by repurposing retired electric vehicle batteries.
49
Country: Germany | Funding: €20M
Pacifico Energy develops photovoltaic plants and battery energy storage systems
50
Country: Italy
SOLIDpower develops Bluegen - stationary fuel cell unit (based on high-temperature fuel cell technology - SOFC, solid oxide fuel cells) ideally suited for application in residential and small commercial buildings.