Certain Energy Raises £10 Million in Series A Funding
Certain Energy, a London-based company focused on developing low-cost flow batteries for long-duration energy storage, has successfully raised £10 million in a Series A funding round. This investment aims to support the company’s mission to enable a transition to 100% renewable energy by providing affordable long-duration energy storage solutions.
Investors and Leadership
The funding round was led by the British Business Bank, with participation from notable investors including Centrica, Ceres Power Holdings, and Temasek Trust’s Catalytic Capital for Climate and Health (C3H). Tim von Werne, Chief Executive Officer of Certain Energy, is at the helm of the company, steering its strategic initiatives.
Strategic Use of Funds
While the specific use of the newly acquired funds was not detailed in the available sources, it is likely that Certain Energy will allocate these resources towards further development and deployment of its flow battery technology. This could involve scaling up production capabilities, enhancing research and development, and expanding market reach to support grid operations more effectively.
Conclusion
This significant investment underscores a growing interest in sustainable energy solutions and positions Certain Energy as a key player in the renewable energy sector. With the backing of prominent investors, the company is well-positioned to advance its innovative battery technology and contribute to the global shift towards renewable energy sources.