Noon Energy s Breakthrough Renewable Energy Storage Technology Lands $3M Seed Investment
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PALO ALTO, Calif., March 16, 2021 /PRNewswire/
Noon Energy Inc., developer of a revolutionary ultra-low-cost battery technology for long-duration energy storage, closed a $3 million Seed stage investment.
Prime Impact Fund led the round and was joined by
Long duration storage is the missing link to a fully renewable electric grid. This is a difficult challenge because storage times must be increased from the 4 hours typical of today s batteries to 100 hours or more. No other efficient battery chemistry comes close to Noon s low cost because it uses only the abundant elements carbon and oxygen to store the energy. It was once thought impossible to build a battery using only these elements. Thanks to Noon s breakthrough technology, that is no longer the case. – Dick Swanson, Founder of SunPower, and Director on Noon s Board.
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If you’ve ever rolled out of bed before dawn – or rolled home at that time – and were surprised to see the sky lit up in a strange way without any hint of the sun creeping up over the horizon, you were most likely witnessing an appropriately named phenomena known as a “false dawn.” If the light looks triangular, you’re not hallucinating (OK, you might be, but that’s your problem) – that’s the shape it takes. And if you’re afraid to tell anyone else because they might think you’re crazy, they probably already do – but you’re in good company … the ‘false dawn’ has been reported pre-Columbian Mesoamericans, astronomers as early as the 1600s and even the prophet Muhammed. They all asked the same question you probably did: “What IS that?” Good news – unlike them, you’re about to find out … and it’s not of this Earth.
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