Investing in green storage for green power

This funding, led by EIT InnoEnergy along with co-investors such as InnovationQuarter and Invest-NL, provides seed financing to AQUABATTERY in their mission to realize affordable and sustainable energy storage on a large scale. Long-duration energy storage, as developed by AQUABATTERY, offers a solution for safely storing energy over extended periods, which is essential for ensuring the reliability and stability of the power grid.

AQUABATTERY's innovative technology, which utilizes non-scarce and non-toxic materials such as water and table salt, represents a breakthrough in green energy storage. This technology not only offers an environmentally responsible choice but also a cost-effective approach to long-duration energy storage, crucial for resolving grid congestion and accelerating industrial decarbonization.

Our investment in AQUABATTERY underscores Invest-NL's mission to support entrepreneurs with solid plans that accelerate the transition to a sustainable society. This aligns with our strategy to finance innovative solutions that contribute to a more sustainable world.

Bram Sprangers, investment manager at Invest-NL, stated, “The energy transition will significantly benefit from innovative solutions like those of AQUABATTERY. Long-duration energy storage will undeniably play a vital role as a cornerstone for the integration of renewable energy sources into the electricity grid.”

For this investment, the ROM Range Extender is deployed, involving close collaboration with regional development companies.