Natron Energy, a Santa Clara, CA-based developer and provider of disruptive new battery products using Prussian Blue electrode chemistry, closed a strategic investment with Chevron Technology Ventures (CTV).
The amount of the deal was not disclosed.
The company intends to use the funds for the development of stationary energy storage systems for demand charge management at electric vehicle (EV) charging stations.
Led by Colin Wessells, CEO, Natron Energy is developing battery products based on a Prussian Blue chemistry for a wide variety of energy storage applications ranging from critical backup power systems, material handling, behind-the-meter applications, and renewables support. The company was founded as Alveo Energy in 2012 as a spin-out from research originally performed at Stanford University. It is backed by venture capital investors and has received support from the U.S. Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E).