Skip Technologies, a company based in Portland, Oregon, has recently received an investment from Puyallup Tribal Enterprises to develop a unique liquid battery for large-scale stationary energy storage. The exact amount of the deal was not disclosed, but the investment will be used to expand operations and further develop the innovative battery technology.
Under the leadership of CEO Brennan Gantner, Skip Technologies has created a new type of battery that utilizes bromine and hydrogen instead of traditional lithium. This design is innovative in that it has no moving parts and is fully recyclable. By using cost-effective and relatively safe bromine, along with allowing hydrogen to evaporate in case of leakage, the battery demonstrates an environmentally conscious approach.
In a statement regarding the investment, CEO Brennan Gantner expressed excitement about the partnership with Puyallup Tribal Enterprises. He emphasized their shared vision of protecting and preserving the environment, creating high-quality local jobs, and establishing a successful domestic manufacturing business. Gantner noted that having Puyallup Tribal Enterprises as a lead financial investor was an honor and looked forward to utilizing their manufacturing capacity to further develop his company’s technology.
Overall, Skip Technologies is poised for growth and development with this new investment in their liquid battery technology. With their innovative approach to battery design and commitment to environmental sustainability, they are well on their way to becoming a leader in stationary energy storage solutions.