Aquabattery, an Alphen aan den Rijn, the Netherlands-based climate tech startup developing a saltwater long duration energy storage (LDES) solution, raised €6M in Seed funding.
The round was led by EIT InnoEnergy and supported by InnovationQuarter, Invest-NL, Init Power, and a group of business angels.
The company intends to use the funds to expand operations and its development efforts.
Led by Jiajun Cen, CEO and Emil Goosen, COO, Aquabattery is developing a novel flow battery that can store clean electricity in table salt and water for 8 hours or longer. When charged, the battery converts saltwater into acid and base and reverses the process when discharged.
The company is preparing to launch its fourth pilot battery in Delft later this autumn.
FinSMEs
23/04/2024