Standard Energy develops vanadium ion batteries aimed primarily at stationary energy storage applications. The company positions its batteries as complementary to lithium‑ion: they offer high energy, performance and safety with lower ignition risk and easier vanadium sourcing, but are less compact than lithium‑ion. Target customers include energy storage systems (ESS) for wind and solar plants and ultra‑fast EV charging stations; the company is scheduled to ship batteries to an ultra‑fast charging station in Seoul soon. Standard Energy has completed over one million battery testing hours across lab, certified test sites and real operations. Financially, the company has raised a total of $22.5 million to date, including an $8.9 million Series C. Founded in 2013 by researchers from KAIST and MIT, the company emphasizes manufacturing capabilities and material and design technology to address ESS market needs. CEO Bu Gi Kim said the company is confident its performance data will convince customers to adopt vanadium ion batteries.

Total raised

$9M

Funding rounds

1

Latest round

Series C

Latest activity

Apr 2021