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 - based battery alternatives , has secured £ 30 m 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 establish a development lab in Asia . Nexeon hopes to combine energy storage capacity with high efficiency and low cost , to allow its batteries to be used for smartphones , tablets , drones and electric vehicles .