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August 11, 2023

Breathing New Life into Old EV Batteries for Commercial Energy Revolution

Stabl Energy Sparks Commercial Energy Revolution with Used EV Batteries commercial energy storage

Stabl Energy’s €15 million funding round stand as testament to its stride toward powering the energy transition. They extend the lifecycle of EV batteries and unlock a potent avenue for commercial energy storage.

Bolstered by UVC Partners, Unternehmertum VC Fund III, and Energie 360 Grad's Smart Energy Innovation Fund. Dr. Nam Truong, co-CEO and co-founder of Stabl Energy, heralds the milestone as a critical leap towards driving the energy transition and propelling battery storage to the forefront.

Rasmus Lund, Senior Partner at Nordic Alpha Partners, echoes the sentiments, underscoring Stabl Energy's position as a beacon of promise within the European storage market. The growth and market traction serves as a resounding endorsement of Stabl's pioneering technology. As these visionary forces unite, a shared journey unfurls—a voyage toward NetZero, steered by technology-driven transformation.

It envisions a future where discarded EV batteries find redemption, and commercial energy storage becomes a potent force for sustainability. The infusion of €15 million and the tapestry of visionary partnerships illuminate a path forward, one that not only defies limitations but ushers in a harmonious melody of progress toward a world powered by greener, more sustainable energy solutions.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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