Exowatt Completes $20 Million Seed Financing to Explore Ceramic Battery Technology for Data Center Energy Needs
Publication Time:2024-09-11 05:21:08
Recently, Exowatt announced that it has completed a $20 million seed financing round to drive its development and application of ceramic battery technology. The company's aim is to offer a sustainable and efficient energy storage solution that can cope with the rising electricity demand of data centers. According to the company, its ceramic battery technology boasts significant advantages, enabling it to store solar energy for several months, providing reliable energy security for data centers. As the global data center industry's demand for sustainability and efficiency continues to grow, Exowatt's innovative technology is poised to be a key solution to this challenge. Moreover, Exowatt has reported receiving orders totaling 1.2 gigawatts, with the majority coming from US data centers and cryptocurrency mining projects. The success of this seed financing not only reflects the market's recognition of Exowatt's technological potential but also provides substantial financial support for the company's future growth.
Seed Investment
data center
Exowatt
ceramic battery
energy solution