Co-Founder & CEO
Adena Power
Adena Power develops sodium-based battery cells using proprietary material science for energy storage applications. These systems offer a lower-cost, non-flammable alternative to lithium-ion technology for utilities, healthcare, and fleet electrification. The company leverages a fully domestic supply chain to deliver safe and long-lasting energy storage solutions.
- Battery Technology
- Clean Technology
Updated 3 days ago
Funding
Raised to date
$397KRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
$200K across 1 disclosed round
US
$200K · Grant
Announced Aug 2024
Disclosed cumulative: $200K
Reported total $397K
Incomplete round history. $197K of the $397K reported total isn’t matched to a known round.
RoundDateAmountValuationInvestors
Founders
Product
Problem
Lithium-ion batteries, while widely used for energy storage, present safety concerns due to their flammability and can be expensive, hindering broader adoption, especially for large-scale applications. There is a need for safer and more cost-effective battery technology to facilitate the transition to sustainable energy.
Solution
Adena Power develops sodium-based battery systems as a safer and more economical alternative to lithium-ion. Utilizing patented materials and a domestic supply chain, Adena's batteries offer a 30% cost reduction and eliminate the risk of fire. These batteries are designed for grid-scale and small-scale applications, enabling reliable and long-lasting energy storage for utilities, healthcare facilities, and fleet electrification. By addressing the limitations of lithium-ion technology, Adena Power's solutions aim to unlock the full potential of renewable energy and promote sustainable, efficient industrial operations.
Target Audience
Adena Power's primary customers include utilities, healthcare facilities, and operators of electric vehicle charging infrastructure seeking safer, more cost-effective, and long-lasting energy storage solutions.
Features
- Utilizes 3 patented materials in a sodium-based battery cell
- Offers a 30% lower cost compared to lithium-ion batteries
- Eliminates fire risk, enhancing safety
- Provides long-duration energy storage
- Features an end-to-end domestic supply chain
- Compatible with wind energy systems