A “novel and innovative” technology which uses CO2 as a medium to store energy could be made using off-the-shelf equipment and made available to the market as early as next year, the company behind it has said.
Nickel-hydrogen batteries have been used in space for several years, but a California company adapting the technology for storing energy here on earth has raised US$100 million in a Series A funding round.
Energy Vault has become the latest startup with a novel, non-lithium battery energy storage technology to attract significant investment, raising US$100 million through a Series C funding round.
