Point-of-use battery storage company Viridi closes $95m funding round

By Renewable Energy World Battery energy storage company Viridi Parente said it raised $94.695 million in a Series C funding round. The latest funding round boosts Viridi’s value to $700 million, and supports the company’s aim to manufacture point-of-use lithium-ion battery technology at scale.

The Series C round was led by existing investor B. Thomas Golisano, a philanthropist and founder of Patchex Inc. New investors included Ashtead Group/Sunbelt Rentals and National Grid Partners, the investment arm of investor-owned energy company National Grid.

Buffalo, New York-based Viridi said that point-of-use energy storage has the potential to more than double the delivered capacity of the

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