The Global Climate Platform


Friday, 05, July, 2024

ENERGIA, a power storage company rooted in Stanford University’s research, endeavors to redefine battery resilience and storage systems with scientific breakthroughs. Its aim is to address pressing global concerns surrounding energy storage solutions.

The global lithium-ion battery market, valued at USD 48.19 billion in 2022, is projected to grow at a compound annual growth rate (CAGR) of 18.9% from 2023 to 2030. ENERGIA’s recent breakthroughs in rechargeable sodium-ion and lithium-ion batteries with thionyl chloride-based electrolyte offer potential solutions to current energy storage challenges.

These innovations, including the development of rechargeable lithium thionyl chloride batteries and a cheaper sodium-based alternative, signify advancements in energy density and stability. Additionally, their batteries exhibit high capacity and energy density, making them suitable for diverse applications such as electric vehicles, industrial equipment, and energy storage for homes and businesses.

In comparison to existing batteries, which face safety concerns, limited lifespans, and environmental impacts, their approach presents a viable alternative. Collaborating with partners like Rose Batteries and seeking potential funding sources, including the Department of Energy (DOE), ENERGIA aims to advance its battery systems’ development and scalability.

Led by Joseph Hernandez, the management team boasts significant experience in the industry. The company is currently seeking $10 million in funding to support various critical milestones in its battery development journey.

In summary, their focus on addressing global energy storage challenges with innovative solutions highlights its potential impact in the industry. However, investors should conduct their own research before making any investment decisions.

Read the pitch deck here.

The Global Climate Platform