Chairman Ray Kubis announced four key developments today for Gridtential, the Silicon Valley startup utilizing treated silicon wafers in a bi-pole format with proven e-chemistry platforms. “We are continuing on our path targeting a $10 Billion plus slice of the fast growing energy storage market across multiple applications thanks to the performance potential of our bi-pole designs, complemented by low cost, safety, and low capital costs for our partners for production. These developments include new key personnel, funding progress, product focus, and partnership agreements.”
Key Personnel: Amber Hetzendorf joined today as CEO, following her impressive track record with Koch Industries, and then as an EVP for Freyr Batteries, a European based lithium battery company. This follows a broad search in recent months where lead shareholder Roger Strauch of The RODA Group and myself served as Co-CEOs advancing the commercialization and partnership plans for the company.
We are excited about the experience, strengths and potential Amber brings to Gridtential.
In addition, the company has added engineering leadership and on-site engineering personnel with our development/commercialization partner in the US.
Funding: Three strategic investors, along with insiders have further invested in recent months to support the company’s scaling of product and processes with partners worldwide through 2025. A large funding raise is targeted to begin late in 2025 to support supply chain and potential JV investments for scaled production of Silicon Joule batteries. The company is also continuing with its two US government programs, including a Deep Cycle ESS product evaluation.
Product/Application Focus: After multiple evaluation programs across applications ranging from automotive high power apps to cycling applications, the company concluded to focus for 2025 its resources to develop a single familiar larger commercial battery for a true long life (3,000+) deep cycle product, scalable to 48 volts, and to further develop scalable manufacturing processes. Though Gridtential’s technology roadmap includes long life data center and telecom backup batteries, and low voltage transportation apps from hybrids to EV auxiliary batteries, and also across three other e-chemistries from lithium to sodium and zinc, the priority for 2025 is now to get some deep cycling commercial product to market first across applications including Energy Storage Systems and multiple industrial battery applications.
Partners: Gridtential is three months into a collaborative agreement with a major US battery producer to optimize design and process for that high performance, low cost and deep cycle product, and is now finalizing agreements in Europe and India to introduce those products into field trials.
Mr. Kubis explained “Policies by country or application may change, yet what is irrefutable is that high performance, low cost, recyclable and safe energy storage solutions have a great opportunity. And where other technologies may need billions or rely on incentives, silicon joule bi-pole technology is a powerful product architecture that works, is producible is at scale, and adaptable for global producers to integrate in a very capital efficient way.”
Gridtential Energy, Inc.
3350 Scott Blvd, Bldg 14
Santa Clara, CA 95054
T +1-408-752-2881
www.gridtential.com
