# Peak Energy closes $108 million financing for sodium-ion storage

> The GM Ventures-led round will support manufacturing and expansion into data-center power.

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- Publisher: Newsverum
- Section: Energy
- Country: United States
- Published: 2026-10-21T14:40:05+00:00
- Updated: 2026-10-21T14:40:05+00:00
- Event / data period: 2026-10-21
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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

Methodology: Based on the issuer announcement; planned capacity and construction are not realized production.

| date | label | description | status |
|---|---|---|---|
| 2026-10-21 | 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. | occurred |

Sources: <https://www.prnewswire.com/news-releases/peak-energy-raises-108-million-in-new-capital-announces-oversubscribed-series-b-to-scale-next-generation-energy-infrastructure-302914879.html> · Download data: [JSON](https://newsverum.com/api/v1/articles/peak-energy-closes-108-million-dollar-series-b-sodium-ion-storage/data/announcement?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/peak-energy-closes-108-million-dollar-series-b-sodium-ion-storage/data/announcement?lang=en&format=csv)

## Sources

- [Peak Energy Technologies](<https://www.prnewswire.com/news-releases/peak-energy-raises-108-million-in-new-capital-announces-oversubscribed-series-b-to-scale-next-generation-energy-infrastructure-302914879.html>) (Source checked: 2026-10-21; Published: 2026-10-21)

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