Second life battery cells coupled with superior battery managed methods (BMS) and inverter applied sciences present a path to cheaper, extra sustainable stationary storage for numerous purposes. Relectrify from Australia is without doubt one of the lead gamers on this sector. Relectrify’s ReVolve® battery system combines Relectrify’s BMS+Inverter know-how with 9 second-life electrical car batteries to retailer over 120kWh of power. Relectrify’s BMS+Inverter know-how is cell-level management software program integrated with distinctive inverter {hardware}. Relectrify’s know-how has been validated by quite a lot of technical initiatives and pilots, together with American Electrical Energy, Counties Vitality, and IBM Analysis.

This will likely be a key supply of extra sustainable stationary storage choices because the market share of electrical vehicles continues to develop. Nonetheless, having been confirmed its capabilities with all these initiatives utilizing second life batteries, Relectrify’s superior cell-level battery management options will now even be integrated into new stationary power storage methods as effectively. Relectrify’s BMS+Inverter know-how replaces typical battery administration methods and inverters with a single digital system that controls particular person cells to generate grid-compliant Alternating Present (AC) instantly from a battery pack. This know-how revolutionizes battery storage, rising the battery lifetime by as a lot as a 3rd, and lowering energy digital prices by as much as 30 p.c in comparison with conventional battery methods.

As Relectrify strikes to scale its operations and to assist speed up the adoption of its know-how by producers of battery power storage methods in residential, industrial & industrial, and grid purposes in international markets, it has simply closed a spherical of development funding led by San Francisco Bay Space-based Toyota Ventures, the know-how funding arm of world automotive and manufacturing firm Toyota. US and Asia-based deep tech enterprise agency Inventive Ventures additionally joins Relectrify as a brand new investor. Relectrify’s present shareholders — which embrace Australia’s Clear Vitality Finance Company, Vitality Innovation Capital, and the enterprise arms of South Korean industrial firm GS and European energy firm EDP — additional elevated their funding in Relectrify’s know-how.

“Sturdy power storage options are key to reaching internet zero,” stated Lisa Coca, Local weather Fund associate at Toyota Ventures. “Relectrify’s distinctive cell-level battery management know-how has the potential to unlock vital price, lifetime, security and resilience advantages for battery methods, whether or not they’re repurposed EV batteries or new stationary power storage methods. We look ahead to supporting the crew as they contribute to decarbonization by reinventing the battery administration system and inverter know-how.”

Toyota Ventures is Toyota’s first standalone early-stage enterprise capital agency. Via the Toyota Ventures Local weather Fund, the agency invests in early stage cleantech disruptors like Relectrify. Toyota Ventures additionally invests in synthetic intelligence, autonomy, mobility, robotics, cloud know-how, good cities, digital well being, fintech, and supplies by way of the Toyota Ventures Frontier Fund.

“Relectrify’s BMS+Inverter know-how is poised to fulfill the voracious international demand for higher performing power storage options that sit on the middle of the worldwide transition to renewables,” stated Inventive Ventures Common Associate Alex Luce. “With the expansion of battery storage world-wide, Relectrify’s accessible market is big and strongly aligned with our thesis on electrification and the urgent want for deployment of power storage at a number of scales.”

Inventive Ventures, a enterprise agency investing in early-stage firms fixing humanity’s most important crises, focuses its investments on revolutionary deep tech firms with global-scale options. Addressing urgent local weather wants and the power transition has been a serious thrust of the agency’s funding focus since inception.

“Our crew at Relectrify helps the world transition to renewable power by making battery power storage a extra compelling industrial proposition,” stated Relectrify CEO Valentin Muenzel. “We’re excited to be joined by Toyota Ventures and Inventive Ventures as we transfer into high-volume battery storage methods together with utilizing non-lithium and notably new Li-ion cells.”

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