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. Nexeon hopes to create energy storage capacity with high performance and low cost, to allow its batteries to be used for smartphones, wearables, drones and electric vehicles.