Energy Storage News•2 months ago
Organic flow battery company CMBlu closes €50 million Series C
- •Organic flow battery developer CMBlu Energy secured €50 million (US$58.76 million) in Series C funding, with participation from Samsung Ventures.
- •This significant investment validates the growing potential of non-lithium, long-duration energy storage technologies.
- •For developers and large power consumers, this signals an accelerating path to commercialization for alternative battery chemistries, potentially expanding future options for grid stability and industrial applications.
financing