Metal-hydrogen battery developer EnerVenue is set to create a pilot manufacturing plant in the US after signing a lease agreement for a bigger building in California.
The 64,000-square-foot mixed-use facility in Fremont quadruples the square footage of the firm’s existing headquarters.
The new facility will provide EnerVenue with the space required to scale and staff additional sales, service, and engineering expertise, while also expanding its R&D and manufacturing capabilities.
EnerVenue has grown to more than 150 employees since its founding in 2020.
The company raised $125 million in an oversubscribed Series A funding round in late 2021 after launching with $12 million in seed funding.
Jorg Heinemann, CEO, EnerVenue said that in vetting locations for its long-term future, it had considered the facilities ability to house future development plans.
EnerVenue plans to move into the new facility during the second half of 2022.
In June, EnerVenue announced plans to deploy up to 420MWh of its technology following a Memorandum of Understanding (MOU) with Sonnell Power Solution, a subsidiary of Puerto Rico’s Grupo Sonnell.
Under the terms of the deal, Sonnell will deploy 40MWh of the US-firm’s EnerStation nickel-hydrogen battery systems in 2023, with volume increasing to 420MWh in 2024 and 2025.