Holland-based Jolt Energy Storage Technologies is close to raising $5.6 million in Series A funding to commercialize its innovative, low-cost energy storage technology. The company has already secured $4.2 million in commitments and expects to complete the round by summer’s end. Jolt Energy’s solution uses organic compounds instead of expensive metals, potentially revolutionizing large-scale energy storage for utilities and alternative energy sources. The funding will support developing a prototype for deployment next year.
To learn more about Jolt Energy’s groundbreaking technology, investor interest, and the growing energy storage market, read the full article on Crain’s Grand Rapids Business website: