Allegro Energy raised AUD $17.5 million in a Series A funding round led by The Grantham Foundation to accelerate its manufacturing capacity for water-based energy storage technology.

Sep 09, 2024•10 months ago

Amount Raised

$17.5 Million

Round Type

series a

NewcastleEnergy StorageRenewable EnergyEnergy

Investors

Impact VenturesMelt VenturesOrigin EnergyLightbankThe Grantham Foundation

Description

Allegro Energy has completed its Series A funding round, raising AUD $17.5 million. The round was led by The Grantham Foundation, with participation from notable investors including Lightbank, Origin Energy, Melt Ventures, and Impact Ventures.

Company Information

Company

Allegro Energy

Location

Newcastle, New South Wales, Australia

About

Allegro Energy is an Australian company specializing in water-based energy storage technology. They are known for their innovative products, including water-based Redox Flow Batteries and supercapacitors, which are clean and fully recyclable. Allegro's technology aims to make energy storage solutions more affordable and safer than existing options. They focus on delivering long-duration energy storage capabilities while ensuring sustainability through the use of non-flammable materials.

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Allegro Energy raised AUD $17.5 million in a Series A funding round led by The Grantham Foundation to accelerate its manufacturing capacity for water-based energy storage technology.

Investors

Description

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