Midday Power, which has developed “ultra-low-cost, excessive power density carbon-oxygen battery know-how for long-duration power storage” for photo voltaic and wind energy, as we speak introduced that it’s secured $28 million in Sequence A financing to commercialize its know-how.

Boston-based Clear Power Ventures and Aramco Ventures’ new Sustainability Fund (as in, Saudi oil Aramco) led the spherical. Midday Power beforehand closed on a $3 million seed spherical in April 2021.

Chris Graves, Midday Power’s founder and CEO (pictured above heart), launched the corporate in 2018 after serving to to develop NASA’s Mars Perseverance rover MOXIE gadget, which produces oxygen from the Martian carbon dioxide ambiance.

The ten-person staff at Midday Power has since developed a battery that shops power in carbon and oxygen utilizing “nature-based chemistry ideas.” So metals akin to lithium and cobalt aren’t wanted, and Midday Power says its battery requires simply 1% of different essential parts in comparison with lithium-ion batteries.

The Palo Alto-based startup says its battery gives greater than 100 hours of power storage at at one-tenth the price of lithium-ion batteries for long-duration storage. And since it’s extraordinarily dense, meaning a compact footprint 3 times smaller than present lithium-ion batteries. 

Previously 14 months, Midday Power says its staff has achieved a 50x scale-up of its core know-how and that it plans to carry its battery to market in two years.  

David Miller, cofounder and managing associate at Clear Power Ventures, stated:

Midday Power’s know-how has far larger potential as modular, scalable, and low-cost long-duration power storage than every other method we’ve ever seen, and subsequently can allow any system, from a single dwelling, to a whole grid, to run on 100% photo voltaic and wind.

Midday’s method to long-duration storage is just not solely inspiring however confirmed, and we stay up for supporting this world-class staff as they proceed to scale and allow 100% renewables penetration.

Midday Power’s web site offers little or no away, nevertheless it’s hiring with a purpose to scale up. Its subsequent transfer might be to construct demonstration merchandise to check its carbon-oxygen batteries within the discipline.

Learn extra: This game-changing huge ‘brick toaster’ battery is now in the marketplace

Picture: Midday Power

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