Energy Storage Industries Raises $40 Million in Funding for Iron Flow Batteries
Funding will be used to construct a manufacturing facility in Australia
September 30, 2024
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Energy Storage Industries – Asia Pacific (ESI), an iron flow battery manufacturer and energy storage project developer, has received a total investment of AU$65 million (~$40 million) in funding; AU$25 million (~$17 million) from the Queensland Government, and AU$40 million (~$23 million) of private capital from an undisclosed international firm.
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