Skip Technologies, a Portland, OR-based company developing a novel Liquid battery for large, long duration (4-100+ hours) stationary energy storage, received an investment from Puyallup Tribal Enterprises.
The cmaount of the deal was not disclosed.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Brennan Gantner, Skip Technology has developed a new type of battery that uses bromine and hydrogen, instead of the conventional lithium. This design has no moving parts and is fully recyclable. By using bromine, which is cost-effective and relatively safe, and allowing hydrogen to evaporate in case of leakage, the battery demonstrates an environmentally conscious approach.
Commenting on the news, Brennan Gantner said: “We share their vision to protect and preserve the environment, provide high-quality local jobs and have a successful domestic manufacturing business. It is an honor having them as a lead financial investor and we are looking forward to utilizing their manufacturing capacity.”
FinSMEs
29/04/2024