WattJoule
Energy storage solutions with expertise in flow batteries, offering significant cost savings over conventional systems.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | Late VC | ||
| Total Funding | 000k | ||
WattJoule is a company specializing in energy storage solutions, particularly focusing on flow batteries, including vanadium redox flow batteries (VRFB). The company operates in the energy sector, addressing the need for efficient and cost-effective energy storage systems. WattJoule's business model revolves around providing engineering services and technology development, leveraging a robust intellectual property portfolio that includes patents, exclusive licenses, and trade secrets. The company serves clients looking to transition to renewable and low-carbon energy sources, offering a platform technology that promises up to 50% cost savings compared to traditional VRFB systems. This technology is built on over $20 million of early R&D work funded by the DOE, DOD, and NSF, starting in 2010. WattJoule is strategically located in the Jackson Technology Park, Massachusetts, a hub for high-tech and industrial companies, facilitating collaboration and growth. The company generates revenue through its engineering services and the commercialization of its proprietary technology, targeting a market increasingly focused on sustainable energy solutions.
Keywords: energy storage, flow batteries, vanadium redox, cost savings, engineering services, technology development, renewable energy, intellectual property, Massachusetts, sustainable solutions.