Peak Energy, a startup claiming to be the ‘first American venture to advance globally proven sodium-ion battery systems,’ has raised US$55 million in a Series A funding round.

Metal-hydrogen battery company EnerVenue will open a manufacturing factory with a 1GWh annual capacity in Kentucky expected to begin production by the end of the year.

Enervenue has already got 5GWh of customer orders for its metal-hydrogen battery for stationary storage.

The head of a company selected by the UK government to deploy residential energy storage under a pilot scheme believes that his network of installers could deploy 10,000 units, equivalent to 30MWh of storage per month.