Nickel-zinc battery developer PowerGenix has raised $17 million in a third round of financing, according to VentureWire (sub required).
Angeleno Group was reportedly the lead investor. The San Diego company says it has developed a rechargeable battery “that is as much as 75% lighter, ten times as powerful, 30% smaller and more environmentally friendly than existing nickel-cadmium or nickel-metal hydride batteries.”
One Comment
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Salihudeen said:
Pls send a quote for replacement for M145P ALCAD Ni-Cd cells with your Ni-Zn cells
Regards
Sali
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4:16 pm
Earth2Tech » Blog Archive 365 Main Outage: Were Flywheels to Blame? « said:
[...] Nickel-zinc batteries: Nickel-zinc battery developer PowerGenix says it has developed a rechargeable battery “that is as much as 75% lighter, ten times as powerful, 30% smaller and more environmentally friendly than existing nickel-cadmium or nickel-metal hydride batteries,” according to Venture Beat. [...]