Jolt Energy Storage Technologies, a pioneer in sustainable organic energy storage materials, announced it raised $4 million in its Series A offering. This funding will accelerate prototype development, field testing, design, and manufacturing processes to pave the way for commercial scalability of its organic flow battery design.
Jolt is creating the world’s first scaled organic flow battery, which utilizes proprietary, all-organic materials for long-duration energy storage. And organic materials do not depend on mined metals or overseas supply chains for manufacturing, which can be harmful to the environment and economically unreliable.
Different from lithium-ion or traditional flow batteries, Jolt is focusing on organics for several advantages:
- Sustainability: The novel organic materials avoid supply chain and environmental risks of mined and highly refined metals. In addition, the materials are recyclable and have additional uses after their use in the batteries.
- Performance: Jolt’s compounds enable faster charge and discharge cycles than current technology.
- Longevity: Designed for long duration use, Jolt is developing robust compounds for thousands of cycles with minimal degradation of performance.
The company plans to complete its 3kW and four-hour prototype by December 2025, marking a significant milestone in the evolution of energy storage technology.
KEY QUOTES:
“Our organic energy storage materials will open new opportunities for domestic energy storage, combining exceptional long-life performance, environmental sustainability, and economic feasibility.”
- Jack Johnson, COO of Jolt
“We believe that energy storage is the key to unlocking the full potential of renewable energy. With this investment and the progress of our organic flow battery, Jolt is preparing our product to serve as a critical, long-duration storage component to our national power grid.”
- Tom Guarr, Co-founder and CTO at Jolt Energy Storage Technologies
