Aquion Energy, a developer of nontoxic batteries, announced today it has raised $30 million in venture capital funding.
Investors in this round of funding include Foundation Capital, TriplePoint Capital, Advanced Technology Ventures, and Kleiner, Perkins, Caufield & Byers.
The company previously was operating on venture funding from Kleiner, as well as a grant from the U.S. Department of Energy.
The Pittsburgh, Penn. start-up, which grew from a Carnegie Mellon University research project, has been developing grid-scale energy storage without the use of "hazardous materials, corrosive acids, or noxious fumes," according to Aquion.
Specifically, Aquion Energy has developed … Read more