UK battery company receives a capital charge-up from Britbots

Investors in this round: Britbots

Britbots is pleased to announce an initial investment in Abion Technologies, as part of a £850,000-round which is still open to other angel investors interested in backing energy storage start-ups.

Albion Technologies develops battery energy storage systems that allow surplus electrical energy to be stored nearby renewable power generation facilities, such as solar- or wind-farms. Operators are increasingly looking to incorporate storage systems so that they can feed the nationwide power grid more persistently than previously has been possible.

The company’s technology offers price-performance benefits to renewable electricity generators versus competitive products from East Asia. In particular, the application of artificial-intelligence to battery conditioning and array management allows output levels, after many thousands of charging cycles, to remain extremely high. Furthermore, the relative simplicity of the component materials within the Albion batteries, avoiding the use of rare-earth metals, results in a more sustainable and scale-able supply-chain than is typical in this sector.

The investment is being used to fund a handful of small-scale grid deployments of the system in 2022 and a prospective order-book is in place to scale-up the business aggressively in 2023.

For more information please contact Tiffani Goss at Britbots: tiffani.goss@britbots.com

Find out more about Albion Technology at https://albiontechnology.co.uk/ and about Britbots at https://www.britbots.com/.