At Synergy Flow, the battery startup, a new 1.8 million euro round
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Sinergy Flow, the company born within PoliHub that develops new generation batteries, concluded another round of investments this time for 1.8 million euros led by the Italian-French venture capital manager 360 Capital. In addition to the Milan Polytechnic, Tech4Planet, the National Center for Technology Transfer for Sustainability born on the initiative of Cdp Venture Capital Sgr, also took part in the round.
The company
The sulfur battery that solves the problem of accumulating energy from renewable sources
by Vittorio Emanuele Orlando
Today, energy production is one of the main causes of greenhouse gas emissions. In fact, more than 10,000 terawatt hours are consumed in the European Union each year, and only 11.8% comes from renewable sources, at least according to Eurostat data for 2020. To achieve the decarbonisation objectives, the storage and distribution of renewable energy is therefore essential. Especially the possibility of storing energy on a multi-day basis, the so-called long-life energy storage (ldes).
Renewables
Storage systems, the key to self-consumption of electricity
by Alessandro Petrone
And it is exactly the reference market of Sinergy Flow, i.e. the stationary storage sector through the development of a sustainable, low-cost, high-efficiency flow cell battery capable of storing electricity for more than 20 hours. It also uses inexpensive and abundant materials such as sulfur, a by-product of the petrochemical industry.
With the capital obtained from this funding round, the startup, which in 2021 was awarded the National Innovation Award, established by the Italian Association of University Incubators and Business Plan Competitions, will expand its group and carry on the activities of research and development.
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