US lithium-ion battery technology start-up Prieto Battery has received a strategic investment from Stanley Ventures, the newly-formed venture arm of Stanley Black & Decker.
The deal brings the Colorado based company a step closer to bringing its patented 3D solid-state lithium-ion battery to market.
The technology’s architecture is designed around a porous copper structure (copper foam), conformally coated by an ultra-thin polymer electrolyte and then surrounded by a cathode matrix.
“This investment from Stanley Black & Decker is an important step toward bringing Prieto’s innovative battery technology to market,” said Dr. Amy Prieto, CEO, CSO and co-founder of Prieto Battery.
The company aims to make batteries for applications as varied as grid-scale renewable energy storage systems to personnal electronic equipment.
The announcement follows an investment by electronics company Intel’s venture capital arm Intel Capital for an undisclosed amount of money last November Prieto.