EnerVenue
Fremont, California, United States
Team size: 51 - 200
Sector: Energy
About EnerVenue
Company revenue: US$ 100 - 500 million
Investors: Doug Kimmelman, Peter Lee, Saudi Aramco Energy Ventures, Schlumberger Limited
Company stage: Series A
EnerVenue provides metal-hydrogen batteries for large-scale renewable and storage applications. In order to support a buildout of renewable energy, which tends to over-generate electricity at certain times of day and under-generate at others, the grid is going to need a lot of batteries. While lithium-ion works fine for consumer electronics and even electric vehicles, battery startup EnerVenue says it developed a breakthrough technology to revolutionize stationary energy storage.