Cell Design and Materials: Alternative Chemistries
Page 406 of 768Directory profiles · Battery Business Directory
Organizations mentioned or cited on this 2025 report page. A historical mention does not establish current products, availability or endorsement.
Sources and links on page 406 (13)
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- https://essinc.com/ess-announces-closing-of-40-million-financing-transaction/
- https://essinc.com/ess-announces-31m-insider-led-funding-package-to-continue-execution-of-strategic-shift-and-secures-first-energy-base-order/
- https://invinity.com/lodes-project-secures-approval-to-proceed/
- https://www.energy-storage.news/singapore-flow-battery-maker-vflowtech-secures-us20-5-million-investment/
- https://www.ess-news.com/2025/09/22/swiss-membrane-free-redox-flow-battery-company-lands-17m-early-stage-funding/
- https://vanitec.org/latest-from-vanitec/article/h2-secures-16-million-bridge-financing-to-expand-vanadium-flow-battery-production-capacity
- https://www.energy-storage.news/us-doe-announces-us15-million-funding-for-3-storage-projects/
- https://quinoenergy.com/quino-energy-closes-10m6m-in-series-a-funding-from-atri-energy-transition/
- https://www.bestmag.co.uk/xl-batteries-7-5m-to-scale-flow-battery-tech/
- https://betakit.com/feds-invest-5-8-million-to-boost-bcs-carbon-management-tech/
- https://www.energy-storage.news/redox-flow-battery-startup-receives-australian-government-funding/
- https://avessenergy.com.au/avess-energy-closes-1m-capital-raise-to-support-battery-optimisation-and-deployment-2/
- https://www.sightlineclimate.com/
Text on page 406
Just Under $1B Invested in 2024, ~$215M Invested in 2025 The United States federal and state governments accounted for about 60% of investment in metal-air/flow battery technologies in 2024. In 2025, private groups bet on companies focused on long duration energy storage and other governments led the charge in project financing including the first investment as a result of the United Kingdom cap and floor scheme. Company Name
Funding Amount ($M)
Funding Source (Lead Investor)
Investment Type
ESS
Yorkville Advisors Global (link)
Post IPO Funding
ESS
Inside Investors (link)
Post IPO Funding
Invinity
Department of Energy Security and Net Zero (link)
Project Grant
VFlow Tech
Granite Asia (link)
Growth
Unbound Potential
SRIN-D, Innosuis, Migros Pioneer Fund, Zurich KlimUP (grants), Founderful (lead of conventional funding) (link)
Grants and Pre-Seed
H2, Inc.
STIC Investments (link)
Bridge Financing
Quino Energy
Department of Energy and California Energy Commission (link)
Project Grant
Quino Energy
Atri Energy Transition (link)
Series A
XL Batteries
Merrin Investors (link)
Seed
Flux XII
Grantham Foundation (link)
Seed
Agora Energy Technologies
Natural Resources Canada (NRCan) (link)
Grant
Allegro Energy
Australian Government - Department of Industry Science and Resources (link)
Grant
AVESS Energy
Carbon Innovations Grant Program (link)
Series B
Source: with support with Sightline Climate (Distinguished Partner).
Extracted from the PDF; charts and images may read imperfectly.
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