British grid battery company Certain Energy’s $13.62 M Series A round supported by Temasek Trust’s C3H
Catalytic Capital for Climate and Health (C3H) of Temasek Trust has contributed £10 million ($13.62 million) to the British grid-battery company Certain Energy. investment round for Series A.
The investment for Certain Energy’s innovative manganese flow battery technology was announced in a statement on Wednesday.
In order to stabilize grids and supply power during times of low renewable energy generation, the investment will be utilized to commercialize Certain Energy’s technology and get it ready for deployment.
The British Business Bank is leading the fundraising round, which will help Certain Energy grow its technology for mass manufacturing. Centrica plc, Ceres Power Holdings plc, and C3H are also participating.
This will involve building the supply chain required to produce projects that can be replicated, expanding its research facility in the UK, and developing a grid-connected MWh-class system in India.
“The renewable power market is held back by its vulnerability to external factors. Last year, the UK Government spent around £1.5 billion asking renewable energy providers to shut off their operations during peak production, and left unaddressed, the grid operator expects that to climb towards £8 billion a year by 2030,
“The answer is long duration energy storage and Certain Energy has the technology and now the funding to deliver highly efficient, affordable batteries, based on abundant materials, to make this a reality,” said Executive Chair Mark Selby.
Homegrown renewable energy is their path to more inexpensive bills and energy security, according to Michael Shanks, Minister of State in the Department for Energy Security and Net Zero, and storing it for when they need it most is crucial.
“By investing £3.5 million in Certain Energy, the British Business Bank is backing British innovation and helping develop the long-duration energy storage we need to store clean power for days, not hours, and deliver a more secure energy system,” he added.
Certain Energy, a British leader in long-duration energy storage (LDES), was once known as RFC Power.
Certain Energy was established in 2017 as a spin-off of Imperial College with the goal of constructing battery stores to capture clean energy, use it to stabilize grids, and convert fluctuating renewable energy sources into firm green power when needed, reducing energy waste and the need for gas peaker plants.
Manganese, the twelfth most common element in the Earth’s crust, is the foundation of Certain Energy’s flow batteries.
In contrast to traditional batteries, the system may store energy for hours or even days by simply expanding the capacity of its electrolyte tanks.
