Peak Energy, a Denver-based greentech company, has launched from stealth mode with a $10 million investment to accelerate the U.S. renewable energy transition. The company aims to scale up its sodium-ion battery manufacturing capabilities to meet the growing demand for lithium-ion alternatives. Its mission is to accelerate grid decarbonization and drive down the cost of energy storage.
Peak Energy develops low-cost, giga-scale energy storage grid technology. Though lithium-ion batteries are a widely used solution, their high cost, supply chain vulnerabilities, safety concerns and large carbon footprint make them less ideal for grid-level storage. Conversely, sodium-ion hand offers clean and secure storage at a significantly lower cost and carbon footprint.
Following this capital raise from lead investor Eclipse, Peak Energy plans to start deploying its sodium-ion systems in 2025 while building a giga-scale domestic factory set to open in 2026. The funding allows Peak Energy to fuel product development, begin its U.S. manufacturing plans and hire new talent.
