Amsterdam based MunwatAn energy storage startup, with the sodium-ion battery system, has collected $ 8 million for inventing solar energy.
The funding round was co-operated by Daffney and LEA Partners, Founder Future, AFI Ventures (by VENTEC), and Kima Ventures participated in the strategic business resistance and customers.
This fund will be used to develop the hardware and software technology of the Moonwat and accelerate the establishment, expand the team and shift to a cleaner, more visual energy ecosystem.
Jukui huCEO and Munwat co-founder, said: “We have started the design of our product from a blank paper, freed themselves from other sections of the battery industry, which is the goal of designing a system from scratch which is basically cheap, safe and more reliable. Our point of view can be placed in any place.”
More than a decade later in energy innovation, co-founder CEO Jukui Hu, CTO Gilliam Mansini and CCO Valentin Rota introduced Munwat in 2021 that Clean Energy only succeeded if the systems were electric, sustainable and competitive. In line with this, Moonwatt is developing the “world’s first” energy saving solution, especially for solar power.
The founders all met at Tesla Energy during their time, with various skills and experiences of storage, solar, air and power sectors, they developed a deep renewable energy skill.
According to Moonwatt’s comments, solar history has faster than the source of any energy, increasing the power of tenfold by 2030. However, it is not transmitted to 24/7 despite being affordable and abundant. Demands (and prices) are flooded in the grid during the low period, but when the sun goes down, the infrastructure is not in place to keep it flowing.
This intermediate traffic and price are caused by the hellishness; Over 3,000 gigwatts of renewable projects Currently the grid is stuck in the backlog when the wholesale prices are regularly submerged under zero for additional reasons, forced plant owners to stop production or sell due to damage.
Paul BajinDuffnie’s partner, says: “The increase in renewable energy has exceeded all expectations, but we have reached a tipping point where it will not be able to scale further without saving better energy. The industrial elderly, the moonwat is solved with a separate storage products that are specially built for solar – it is missing the industryThe “
Moonwatt believes that the storage key holds the key but remains the largest barrier to the sector. Today’s lithium-based batteries are not specially constructed for solar or is not favorable for very large-scale storage-they are rare, depending on expensive materials and built on adapted Legacy Tech designed for EVS.
According to Moonwatt, this is the only way to solve the solar storage, which depends on a durable, scalpable and expensive alternative search. This is a challenge that has created a € 379+ Billion market opportunitiesAnd it is a chance to uniquely lead the Moinwatt.
Maritose pagesLia is the investor in the partners, says: “Focusing on sodium-ion, the Moonwatt presents an instance shift, eventually 24/7 renewable energy is truly competitive and unlocks a huge value for operators and customers. We are surprised to see the team’s complementary skills and the strength of the team and are eager to back the Moonwat.“
The battery energy storage system of the Moonwatt battery, instead of settling the inheritance technology or for a one-sided-fit-up method, is created not only to meet the specific, prices and traffic challenges of the solar, but from the very first day to work anywhere in the world.
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