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2 clusters · 4 sources · 22 days · First seen · Last updated

US energy storage infrastructure investment

Overview

Investment in the United States energy storage sector has seen significant capital inflows for both battery development and manufacturing.

In late September 2026, SMT Energy secured an equity partnership with Climate Adaptive Infrastructure (CAI) for up to $268 million. This funding, which includes tax equity and project-level debt, is intended to support the development, construction, and operation of utility-scale battery storage, distributed generation, and powered land projects across the country.

By October 2026, Peak Energy raised $108 million in a Series B financing round led by General Motors Ventures. The company intends to use the funds to scale domestic manufacturing of sodium-ion energy storage systems at its 4 GWh facility in Sacramento, California, which is expected to begin production in early 2027.

Entities

Expedition Infrastructure Partners · Peak Energy · General Motors Ventures · Sacramento · LG Technology Ventures

Timeline

  1. [BUSINESS] 2 sources
    Peak Energy secures $108 million to expand sodium-ion storage

    Peak Energy raised $108 million in Series B funding, led by General Motors Ventures, to scale U.S. manufacturing of sodium-ion energy storage systems for grids and data centers.

  2. [BUSINESS] 2 sources
    SMT Energy secures up to $268 million for battery storage projects

    SMT Energy has entered an equity partnership with Climate Adaptive Infrastructure for up to $268 million to fund the development and operation of battery energy storage projects across the United States.

Sources

mercomcapital.com · mercomindia.com · pulse2.com · snowindustrynews.com