Allegro Energy attracts multi-million investment in water-based redox flow battery tech
- Admin
- Sep 9, 2024
- 4 min read
Allegro Energy, an Australian-based developer of water-based redox flow battery energy storage solutions, has attracted AU$17.5 million in Series A funding. Their technology integrates a water-based electrolyte, making energy storage less expensive and safer. The lead investor was The Grantham Foundation, with participation from Lightbank. Dr. Thomas Nann is the co-founder and CEO of Allegro Energy. Origin Energy has a partnership with Allegro Energy to deploy a 12-hour duration battery at Eraring in New South Wales.
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