Key Takeaways
- • Peak Energy, a Sacramento, CA-based developer of passively cooled sodium-ion grid storage systems, raised $108M in Series B financing, according to FinSMEs.
- • General Motors Ventures led the round, with participation from Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation, and LG Technology Ventures.
- • Proceeds will fund domestic manufacturing scale-up and a product launch targeting the data center market.
- • The company claims its passive cooling design can cut the cost of energy by up to 20% versus conventional storage systems.
- • Peak Energy operates a 4 GWh manufacturing facility in Sacramento, with production slated to begin in Q1 2027.
Summary
Peak Energy, a Sacramento, California-based developer of passively cooled sodium-ion energy storage systems for the electric grid, has raised $108 million in Series B financing, according to FinSMEs. The round was led by General Motors Ventures, with participation from Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation, and LG Technology Ventures.
The company plans to use the capital to scale domestic manufacturing and to launch its product into the data center market. Peak Energy is led by co-founder and CEO Landon Mossburg, who describes the company's offering as low-cost, giga-scale energy storage purpose-built to address grid challenges.
The company's core differentiator is a proprietary passive cooling system designed to reduce operational and maintenance costs. Peak Energy states that this approach can lower the cost of energy by up to 20% compared with conventional storage systems, while eliminating energy-consuming cooling equipment and reducing battery fire risks. These figures are company claims as reported in the FinSMEs article and have not been independently verified.
Peak Energy operates a 4 GWh manufacturing facility in Sacramento, California, which is scheduled to begin production in the first quarter of 2027. The round's strategic backing from a major automaker's venture arm and an LG-affiliated investor signals interest in sodium-ion storage as a grid and data center power solution.
The company plans to use the capital to scale domestic manufacturing and to launch its product into the data center market. Peak Energy is led by co-founder and CEO Landon Mossburg, who describes the company's offering as low-cost, giga-scale energy storage purpose-built to address grid challenges.
The company's core differentiator is a proprietary passive cooling system designed to reduce operational and maintenance costs. Peak Energy states that this approach can lower the cost of energy by up to 20% compared with conventional storage systems, while eliminating energy-consuming cooling equipment and reducing battery fire risks. These figures are company claims as reported in the FinSMEs article and have not been independently verified.
Peak Energy operates a 4 GWh manufacturing facility in Sacramento, California, which is scheduled to begin production in the first quarter of 2027. The round's strategic backing from a major automaker's venture arm and an LG-affiliated investor signals interest in sodium-ion storage as a grid and data center power solution.
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