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22 August 2022

Storage systems for the energy transition: Voltstorage receives 24 million euro in funding

Munich, July 28th, 2022. VoltStorage GmbH develops and produces energy storage systems based on environmentally friendly redox flow technology and is one of the leading technology companies for stationary battery systems. With the development of the iron salt technology, the company is setting new standards in the field of long duration energy storage and offers wind and solar farms a highly cost-effective and resource-saving option for ensuring base load capability. The Munich-based company is now receiving 24 million euros in Series C financing from the US company Cummins Inc. The capital will be used for the development of new battery storage systems and the growth of the company.

VoltStorage and EIT InnoEnergy are working together since 2019

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