Chemicals producer BASF has led a series B round for ESS, which will use the funding to automate manufacturing of its iron flow battery.
US-based energy storage technology developer ESS has closed a $13m series B round led by BASF Venture Capital, the corporate venturing arm of chemicals producer BASF.
The round also featured Cycle Capital Management, Presidio Partners Investment Management, InfraPartners Management and Pangaea Ventures, the latter of which led the company’s $3.2m series A round in 2015.
Founded in 2011, ESS develops and manufactures flow energy storage systems for commercial and utility-scale energy storage applications.
The funding will be used to automate the…
