Noon Energy's Breakthrough Renewable Energy Storage Technology Lands $3M Seed Investment
News provided by
Share this article
PALO ALTO, Calif., March 16, 2021 /PRNewswire/ --
Noon Energy Inc., developer of a revolutionary ultra-low-cost battery technology for long-duration energy storage, closed a $3 million Seed stage investment.
Prime Impact Fund led the round and was joined by
"
Long duration storage is the missing link to a fully renewable electric grid. This is a difficult challenge because storage times must be increased from the 4 hours typical of today's batteries to 100 hours or more. No other efficient battery chemistry comes close to Noon's low cost because it uses only the abundant elements carbon and oxygen to store the energy. It was once thought impossible to build a battery using only these elements. Thanks to Noon's breakthrough technology, that is no longer the case." – Dick Swanson, Founder of SunPower, and Director on Noon's Board.