Funding and M&A Roundup: Quino Energy Raises $10 Million
Solar Tech company Solfium raises $7 million
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Quino Energy, a company developing water-based organic flow batteries, raised $10 million in Series A funding from Atri Energy Transition, a company focused on the deployment of Long Duration Energy Storage. The funding agreement also allows the company to access an additional $6 million in equity funding if necessary, bringing the total investment to up to $16 million. The company will use this funding to increase the production of its proprietary organic flow battery electrolyte beyond the U.S. and demonstrate it in real-world field pilot projects by pairing it with commercially available flow battery hardware.
