Peak Energy stands as a pioneering American force in energy storage, specializing in advanced sodium-ion battery systems. Founded in 2023, the company focuses on creating cost-effective, large-scale energy storage solutions that aim to transform renewable energy integration. Through its innovative approach to sodium-ion technology, Peak Energy addresses critical challenges in the energy storage sector, offering alternatives to traditional lithium-ion batteries. The company’s strategic vision includes establishing domestic manufacturing capabilities and developing sustainable energy solutions that support grid reliability and independence from constrained supply chains.
Battery Technology
Peak Energy’s primary innovation centers on sodium-ion battery systems, specifically designed for utility-scale energy storage applications. These systems utilize sodium, an abundant and domestically available resource, as their core component. The technology offers several distinct advantages over conventional lithium-ion batteries, including enhanced safety features, broader operating temperature ranges, and reduced production costs.
The company’s sodium-ion battery development program follows a strategic three-phase approach. Initially, Peak Energy integrates third-party sodium-ion cells into its systems. The second phase involves transitioning to in-house cell manufacturing, while the final phase focuses on developing next-generation sodium-ion technology. Their engineering teams work on proprietary cell designs and system architecture that maximize efficiency and longevity while minimizing environmental impact.
By 2025, Peak Energy plans to deploy 3.5 MWh systems through its Peak Pilot Program, working directly with major utilities and independent power producers. This practical application will demonstrate the technology’s capabilities in real-world conditions.
Recent Projects
In late 2024, Peak Energy established a battery cell engineering center in Broomfield, Colorado, partnering with state economic development offices. This facility, scheduled for full operation by end-2024, supports domestic supply chain development and component testing. The company also secured Geoff Brown as Chief Strategy Officer, bringing valuable expertise from his success at Powin. Additionally, Peak Energy initiated its pilot program for deploying full-scale grid-attached sodium-ion battery systems, targeting evaluation by major utility providers in 2025.
Investors
Peak Energy successfully raised $55 million in Series A funding, led by Xora Innovation, with significant participation from established investors including Eclipse and TDK Ventures. New investors joining the round include Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures, and DETV-Scania Invest. This funding supports the company’s expansion plans and technological development initiatives.
Business Details
Location: Denver, Colorado, USA
Website: https://peakenergy.com
LinkedIn: https://www.linkedin.com/company/96931541
