Enerpoly, a Stockholm-based zinc-ion battery innovator, has recently secured an $8.4 million (88.5 million SEK) grant from the Swedish Energy Agency to propel the establishment of the world’s inaugural megafactory for zinc-ion batteries, named the Enerpoly Production Innovation Center (EPIC). The company specializes in developing and manufacturing safe, sustainable, and cost-effective zinc-ion battery cells and packs, utilizing abundant and recyclable materials like zinc and manganese. This funding injection will be instrumental in enabling Enerpoly to build EPIC over the next three years, aiming for an annual throughput capacity of 100 MWh. The funds will primarily support the development of automated manufacturing systems, enhancements in energy efficiency during cell production, ensuring plant safety, and expanding the company’s workforce in Sweden, aligning with their goal to reshape the energy storage landscape by demonstrating scalable and profitable mass production of zinc-ion batteries for the global renewable energy market.
Enerpoly is a Swedish company co-founded by Dr. Mylad Chamoun (CTO) and Dr. Samer Nameer (CSO), and led by Eloisa de Castro (CEO). Expanding on Dr. Chamoun’s prior research from Stockholm University, Enerpoly has developed an innovative zinc-ion battery technology from abundant materials, such as zinc and manganese. Using easily obtained and recyclable materials, Enerpoly’s zinc-ion batteries are insulated from supply chain issues and price volatility, providing reliable and economical energy storage. Enerpoly’s battery technology, characterised by its non-flammable and non-explosive properties, is well-suited for use in challenging applications, such as critical infrastructure and densely populated urban areas.
The project roadmap for the grant includes developing automated manufacturing systems to streamline processes, improving energy efficiency in cell production, and ensuring optimal productivity and safety at the plant. Enerpoly will also work to build a sustainable European value chain, strengthen intellectual property protection, and further expand its workforce in Sweden. This is a step towards greater energy security and accelerated adoption of renewable energy, which aligns with the EU’s 2050 climate neutrality goal.
“This is a major milestone for Enerpoly, and for zinc-ion battery technology globally. Our EPIC zinc-ion plant, we will showcase how this technology is scalable and can enable the large-scale adoption of renewable energy,” said Enerpoly Co-founder and CTO Mylad Chamoun. “With the backing of partners like the Swedish Energy Agency, Enerpoly’s zinc-ion batteries can help cement Sweden’s position at the forefront of this critical energy transition.”
The funding will support initiatives to prove that zinc-ion batteries can reduce carbon emissions in energy storage, strengthen European competitiveness, and help diversify the battery supply chain. The Swedish Energy Agency has supported 250 startups with approximately €90 million ($100 million), helping drive sustainable growth.
Click to read more funding news.
Read the orginal article: https://arcticstartup.com/enerpoly-raises-8-4m/
