The battery storage company Yotta Energy raised an additional $3.5 million in Series A finance and announced a nearly $2 million Defense Department award for a microgrid project at a Nevada Air Force Base.Expanded use of battery storage helps accommodate growing amounts of zero-carbon but intermittent solar and wind energy, and boosts the resilience of electricity systems.Driving the news:
The company is focused on the commercial and industrial solar market, and says its system is "designed to seamlessly fit under any industry standard solar PV module.""Historically, hardware in the clean tech space has been very difficult to raise funding for, but that's certainly kind of changed," CEO and co-founder Omeed Badkoobeh told Axios in an interview.
Olivier Jacques, APsystems president of global business units, said in a statement that they see "tremendous growth potential in rooftop solar-plus-storage." He praised Yotta's tech for attributes including its direct mounting behind panels, noting that means "no zoning" and "no concrete" i.e. it does not require a separate site.is at Nellis Air Force Base near Las Vegas. Yotta said they've been awarded $1.97 million under the Defense Department's Environmental Security Technology Certification Program.
Source: Energy Industry News (energyindustrynews.net)
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