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Highview Power Closes Growth Capital Funding Round with $70 Million

Feb 09, 2021•over 4 years ago

Amount Raised

$70 Million

London

Description

Highview Power, a global leader in long duration energy storage solutions, is pleased to announce that it has closed its Growth Capital round of funding with over $70 million, bringing the total amount of funding and grants the company has secured to date to over $145 million. The Growth Capital round includes the previously announced $46 million investment from Sumitomo Heavy Industries (SHI) and additional investments from strategic investors Janus Continental Group (JCG) and TSK, along with a $5.5 million contribution from the original and founding investors.

Company Information

Company

Highview Power

Location

London, Ontario, Canada

About

Highview Power is a developer of CRYOBattery™ long duration energy storage systems based on the company’s cryogenic energy storage technology, which uses liquid air as the storage medium and can deliver anywhere from 20 MW/100 MWh to more than 200 MW/2 GWh of energy and has a lifespan over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power that delivers reliable and cost-effective long duration energy storage to enable a 100% renewable energy future. For more information, please visit http://www.highviewpower.com.

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