EnerG2 raises $9.4M for high-tech battery manufacturing plant in Albany, OR
January 10th, 2013
“Seattle-based high-performance battery company EnerG2 has raised nearly $9.4 million in new funding, the company announced Wednesday in a filing with the Securities and Exchange Commission. … The company plans to use the new funds to shift from research and development to manufacturing its “Carbon Technology Platform,” which can speed up energy storage for high-performance applications like those used in electric vehicles, heavy-duty hybrid vehicles, and an array of other devices and machinery.
EnerG2 will manufacture the batteries in its Albany plant, which opened last February.
“Our investors have seen the successful transition EnerG2 has made from its roots as an energy storage R&D company to a manufacturer of energy storage applications,” Rick Luebbe, CEO and co-founder of EnerG2, said in an emailed statement. “These new funds will support EnerG2’s continued efforts with customers and help grow our manufacturing base.”
Congratulations, EnerG2, on this exciting development!
Excerpted from a Sustainable Business Oregon article, 1/3/2013.
America uses 25% of the world’s oil, but is only 4.5% of the world’s population.