Second life battery cells coupled with superior battery managed methods (BMS) and inverter applied sciences present a path to cheaper, extra sustainable stationary storage for numerous purposes. Relectrify from Australia is among the lead gamers on this sector. Relectrify’s ReVolve® battery system combines Relectrify’s BMS+Inverter expertise with 9 second-life electrical automobile batteries to retailer over 120kWh of vitality. Relectrify’s BMS+Inverter expertise is cell-level management software program included with distinctive inverter {hardware}. Relectrify’s expertise has been validated by quite a lot of technical initiatives and pilots, together with American Electrical Energy, Counties Vitality, and IBM Analysis.
This can be a key supply of extra sustainable stationary storage choices because the market share of electrical vehicles continues to develop. Nonetheless, having been confirmed its capabilities with all these initiatives utilizing second life batteries, Relectrify’s superior cell-level battery management options will now even be included into new stationary vitality storage methods as properly. Relectrify’s BMS+Inverter expertise replaces typical battery administration methods and inverters with a single digital system that controls particular person cells to generate grid-compliant Alternating Present (AC) instantly from a battery pack. This expertise revolutionizes battery storage, rising the battery lifetime by as a lot as a 3rd, and lowering energy digital prices by as much as 30 p.c in comparison with conventional battery methods.
As Relectrify strikes to scale its operations and to assist speed up the adoption of its expertise by producers of battery vitality storage methods in residential, industrial & industrial, and grid purposes in world markets, it has simply closed a spherical of progress funding led by San Francisco Bay Space-based Toyota Ventures, the expertise funding arm of world automotive and manufacturing firm Toyota. US and Asia-based deep tech enterprise agency Artistic Ventures additionally joins Relectrify as a brand new investor. Relectrify’s current shareholders — which embody Australia’s Clear Vitality Finance Company, Vitality Innovation Capital, and the enterprise arms of South Korean industrial firm GS and European energy firm EDP — additional elevated their funding in Relectrify’s expertise.
“Sturdy vitality storage options are key to reaching internet zero,” mentioned Lisa Coca, Local weather Fund associate at Toyota Ventures. “Relectrify’s distinctive cell-level battery management expertise has the potential to unlock important price, lifetime, security and resilience advantages for battery methods, whether or not they’re repurposed EV batteries or new stationary vitality storage methods. We look ahead to supporting the staff as they contribute to decarbonization by reinventing the battery administration system and inverter expertise.”
Toyota Ventures is Toyota’s first standalone early-stage enterprise capital agency. By way of the Toyota Ventures Local weather Fund, the agency invests in early stage cleantech disruptors like Relectrify. Toyota Ventures additionally invests in synthetic intelligence, autonomy, mobility, robotics, cloud expertise, sensible cities, digital well being, fintech, and supplies by way of the Toyota Ventures Frontier Fund.
“Relectrify’s BMS+Inverter expertise is poised to satisfy the voracious world demand for higher performing vitality storage options that sit on the middle of the worldwide transition to renewables,” mentioned Artistic Ventures Basic Accomplice Alex Luce. “With the expansion of battery storage world-wide, Relectrify’s accessible market is big and strongly aligned with our thesis on electrification and the urgent want for deployment of vitality storage at a number of scales.”
Artistic Ventures, a enterprise agency investing in early-stage corporations fixing humanity’s most important crises, focuses its investments on revolutionary deep tech corporations with global-scale options. Addressing urgent local weather wants and the vitality transition has been a significant thrust of the agency’s funding focus since inception.
“Our staff at Relectrify helps the world transition to renewable vitality by making battery vitality storage a extra compelling industrial proposition,” mentioned Relectrify CEO Valentin Muenzel. “We’re excited to be joined by Toyota Ventures and Artistic Ventures as we transfer into high-volume battery storage methods together with utilizing non-lithium and significantly new Li-ion cells.”
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