Peak Energy closes $108 million financing for sodium-ion storage
The GM Ventures-led round will support manufacturing and expansion into data-center power.
Event / data period: 2026-10-21
Published: · Updated:
Peak Energy announced on 21 October that it closed a Series B round led by GM Ventures, securing $108 million in new financing. It plans to use the funds to expand US manufacturing, fulfil customer orders and bring its passively cooled sodium-ion storage systems to the data-center market.
The company said production at its 4 GWh Sacramento factory is planned to begin in the first quarter of 2027. That is planned manufacturing capacity; the more than $1 billion of customer commitments cited in the announcement are not presented as realized sales revenue.
Data
Peak Energy closes $108 million financing for sodium-ion storage
- · Occurred
Peak Energy closes $108 million financing for sodium-ion storage
Peak Energy announced on 21 October that it closed a Series B round led by GM Ventures, securing $108 million in new financing. It plans to use the funds to expand US manufacturing, fulfil customer orders and bring its passively cooled sodium-ion storage systems to the data-center market.
Methodology
Based on the issuer announcement; planned capacity and construction are not realized production.
Updated:
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