Noon Energy, which has developed “ultra-low-cost, high energy density carbon-oxygen battery technology for long-duration energy storage” for solar and wind power, today announced that it’s secured $28 million in Series A financing to commercialize its technology.
Boston-based Clean Energy Ventures and Aramco Ventures’ new Sustainability Fund (as in, Saudi oil Aramco) led the round. Noon Energy previously closed on a $3 million seed round in April 2021.
Chris Graves, Noon Energy’s founder and CEO (pictured above center), launched the company in 2018 after helping to develop NASA’s Mars Perseverance rover MOXIE device, which produces oxygen from the Martian carbon dioxide atmosphere.
The 10-person team at Noon Energy has since developed a battery that stores energy in carbon and oxygen using “nature-based chemistry principles.” So…