Energy storage has become increasingly important, from managing unpredictable renewable energy outputs to powering electric vehicles.
As concerns around rising carbon emissions mount, countries around the world are looking to accelerate the transition to clean energy.
Critical to this transition is energy storage, which captures energy produced at a certain time and stores it for later use, providing a backup source of energy when its demand exceeds supply.
This is especially important with the shift to renewable energy, as solar and wind power rely on inconsistent weather patterns. In this sense, energy storage technology is key to stabilizing the grid by creating a consistent source of supply.
It’s also crucial for powering electric vehicles, which many believe are necessary for a low-carbon future.
However, current energy storage technology remains expensive and needs to improve in terms of efficiency.
In response, a growing number of startups are exploring new ways to store energy and developing solutions to enhance existing storage methods.
We used CB Insights data to identify 55+ notable startups that are active in the industry, from conventional lithium-ion batteries to grid-scale storage solutions to software that manages energy storage systems.
Track all the Energy Storage companies in this brief and many more on our platform
Companies in our Energy Storage Collection include large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.Track Energy Storage Companies