Electriq Power adds more venture funding for its residential battery storage hardware

Source: PVMAG USA

That brings the total to $9 million for the Bay Area builder of an integrated 13.4 kWh energy storage system in the overcrowded residential market.

APRIL 10, 2020 ERIC WESOFF

Electriq Power, a residential energy storage startup, just closed $3 million more in an equity round from a number of unidentified angel investors. This follows a seed round in 2018, which raised $6 million in financing from GreenSoil Building Innovation Fund and others, according to Crunchbase.

Electriq builds energy storage and management hardware for homes and small businesses. The company’s smallest modular product is an integrated 13.4 kWh system.

The San Leandro, California-based startup is expanding its battery options to include the safer lithium iron phosphate chemistry, according to a release, which adds that the company “was also recently approved for UL9540 system level storage certification in three factories: two in the U.S. and one in China. This certification paves the way for system sales in every market throughout the U.S.”

The Electriq system includes a battery, hybrid battery/solar inverter, home energy management system, and an energy meter for home back-up and energy management.

Continue reading the full article here: https://pv-magazine-usa.com/2020/04/10/electriq-power-adds-more-venture-funding-for-its-residential-battery-storage-hardware/