EnerVenue Secures $300 Million for Battery Expansion Led by Hong Kong Tycoon Peter Lee
EnerVenue has raised $300 million in a Series B extension round to enhance its energy storage technology and manufacturing capabilities. The funding, led by Peter Lee's Full Vision Capital, facilitates the establishment of a regional headquarters in Hong Kong and aims to accelerate large-scale industrial applications of its nickel-hydrogen battery systems.
EnerVenue, a California-based energy storage startup, has raised $300 million in a Series B funding round led by Hong Kong tycoon Peter Lee through Full Vision Capital. The investment will support research and development, large-scale manufacturing, and the establishment of a regional headquarters and R&D center in Hong Kong.
AI-curated by TheiaEnerVenue specializes in grid-scale energy storage systems powered by nickel-hydrogen batteries, which offer a 30-year lifespan and can operate in extreme temperatures. This technology addresses the limitations of lithium-ion batteries, which require frequent replacement and have thermal management needs.
EnerVenue has previously supplied its systems to various energy companies, including Duke Energy and Australia’s Avid Group. The recent funding rounds and strategic positioning in Hong Kong highlight the growing significance of advanced energy storage solutions, especially for AI data centers.
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