Could Boston-area battery companies power electric cars and smart grids?

Formed out of research at MIT, Worcester Polytechnic Institute and other nearby research institutions, these companies are developing technology that could power electric vehicles and smart grids of the future. Venture capital firms are betting big on Boston-area battery companies, too.

Are venture capital firms betting on Boston-area battery companies?

Venture capital firms are betting big on Boston-area battery companies, too. In fact, three local battery businesses raised funds in October and now plan to supercharge their operations.

Who makes a solid-state battery?

Factorial Energy manufactures solid-state batteries that allow electric vehicles to drive 50 percent longer than conventional lithium-ion batteries, according to the company. The Woburn-based company launched from stealth last year and has raised $240 million, including a $200 million Series D in January.

Where are the best battery companies in the world?

The Boston area is home to some of the most well-renowned battery innovation companies in the world. Formed out of research at MIT, Worcester Polytechnic Institute and other nearby research institutions, these companies are developing technology that could power electric vehicles and smart grids of the future.

Who owns Vivint Solar?

Acquired by Sunrun in 2020 for US$3.2bn, Vivint Solar entered the home energy storage market in 2017 with a partnership with Mercedes-Benz Energy followed by another partnership with LG Chem. Known for its residential solar installations, Vivint has emerged as a notable player in the energy storage sector as it has expanded its offerings.

How do battery storage and energy solutions work?

Battery storage and energy solutions systems from Johnson Controls allow for seamless integration with existing building technology systems. These utilise algorithms that provide for flexible and custom applications, the company says, such as demand management, frequency regulation and integration with renewables.