Peak Energy produces sodium-ion battery systems aimed at low-cost, giga-scale energy storage for the grid. The company plans to use new capital to expand operations and accelerate development efforts. With the Series A funding it is launching the first full-scale production of sodium-ion storage in the U.S. Peak intends to deploy systems to a select group of six customers participating in its pilot program as early as next year. That pilot roster includes three of the top five largest independent power producers (IPPs) and electric utility companies in the country. The raise supports the company’s next phase of growth and commercial rollout from its Denver, CO base. Peak Energy is developing low-cost, giga-scale sodium-ion energy storage technology aimed at accelerating grid decarbonization and lowering the cost of energy storage. The company is based in Denver, CO and was founded in 2023. It is led by CEO Landon Mossburg and President and Chief Commercial Officer Cameron Dales. Peak plans to begin deploying its sodium-ion systems in 2025 and simultaneously build a domestic, giga-scale battery factory with plans to open in 2026. The company intends to use recent funding to accelerate product development, lay groundwork for U.S. manufacturing, and acquire strategic talent. No revenue or user metrics were disclosed in the article.

Total raised

$65M

Funding rounds

2

Latest round

Series A

Latest activity

Jul 2024