Milan’s Sinergy Flow just closed a €1.8 million seed raise to accelerate the path toward commercialising its grid flow energy battery concept.
The round was led by French-Italian venture capital firm 360 Capital’s fund Poli 360, a partnership with Milan’s technical university Politecnico di Milano.
Energy transition-focused fund A+360 also led the round with participation from Tech4Planet, a sustainability-themed initiative tied to Italian investment bank CDP’s tech transfer and venture capital unit.
It is hoped Sinergy Flow’s flow batteries — designed for energy grids, and supposedly with enough energy density for 20 hours usage — will help grid operators bring more renewable power into the mix, helping them tackle greenhouse emissions.
That’s mainly because wind and solar power plants are prone to dropping out when their powder (gusts or sunshine) runs dry.
The upshot…
Sinergy Flow prepares to tackle Europe’s green energy storage dilemma, following €1.8 million round
