Series of high profile deals suggest innovations in energy storage are starting to push down costs and push up commercial viability A series of deals have this week underlined growing investor interest in the expanding energy storage market, as a number of leading firms announce progress in their pursuit of more cost-effective energy...
UK-based start-up , Nexeon, which claims to have created a battery capable of ten times more energy than carbon Li-ion battery alternatives, has secured £30m in funding from both existing and new investors. The money raised will allow Nexeon to acquire intellectual property and technology, design a larger manufacturing facility, and create a development lab in Asia. In the UK, there are currently no commercial lithium-ion batteries on sale that can match the performance of current state-of-the-art lithium polymer batteries.