STABL Ener­gy clos­es seed financ­ing of 4.5 mil­lion euros

STABL Ener­gy has suc­cess­ful­ly closed a financ­ing round of EUR 4.5 mil­lion and gained UVC Part­ners as a new investor. The cap­i­tal increase was led by Energie 360°‘s Smart Ener­gy Inno­va­tion Fund. In addi­tion, exist­ing investors are par­tic­i­pat­ing sig­nif­i­cant­ly in the round, includ­ing the Ini­tia­tive for Indus­tri­al Inno­va­tors and var­i­ous busi­ness angels. The round was also made pos­si­ble by Seitz-Part­ner, a lead­ing law firm that advis­es start-ups and investors in financ­ing rounds and growth phas­es.

«We are very pleased to have found part­ners in UVC Part­ners and the new investors who will help shape the suc­cess sto­ry,” says Ruth Hap­pers­berg­er, founder of the Smart Ener­gy Inno­va­tion Fund and mem­ber of the Exec­u­tive Board at Energie 360°.

«This invest­ment round makes it pos­si­ble to focus on growth and prod­uct devel­op­ment. With the new cap­i­tal will be the team will be enlarged, exist­ing part­ner­ships will be expand­ed and the entry into the Euro­pean mar­ket will be pre­pared”, says Dr. Arthur Singer, Co-Founder and Co-CEO of STABL Energy.

Bat­tery stor­age is a key to the suc­cess­ful ener­gy tran­si­tion. They can store sur­plus elec­tric­i­ty from solar and wind pow­er and make it avail­able when the sun is no longer shin­ing or the wind is not blow­ing. STABL Ener­gy is devel­op­ing a tech­nol­o­gy that makes these bat­tery stor­age sys­tems more effi­cient, safer and cheaper.

Mod­u­lar bat­tery sys­tem for the stor­age of renew­able energies

The core prin­ci­ple of the tech­nol­o­gy is to split high-volt­age bat­tery packs into many small­er mod­ules that are dynam­i­cal­ly inter­con­nect­ed using STABL tech­nol­o­gy. This con­cept guar­an­tees a very high lev­el of reli­a­bil­i­ty and also improves safe­ty — both in oper­a­tion and dur­ing instal­la­tion. In addi­tion, this so-called mul­ti­level approach means that less ener­gy is lost dur­ing con­ver­sion, which reduces the oper­a­tional costs of the stor­age systems.

Tech­nol­o­gy enables easy use of sec­ond-life batteries

In addi­tion to using new bat­ter­ies, STABL Ener­gy’s inno­v­a­tive tech­nol­o­gy also makes it pos­si­ble to reuse dis­card­ed bat­ter­ies from elec­tric cars. With the help of the mod­u­lar invert­ers, bat­tery mod­ules can be eas­i­ly trans­ferred from elec­tric vehi­cles to sta­tion­ary stor­age. The STABL tech­nol­o­gy can eas­i­ly han­dle the some­times very dif­fer­ent resid­ual capac­i­ties of bat­tery mod­ules from elec­tric cars. This means that the stor­age facil­i­ties can be used for longer, which low­ers their car­bon foot­print and makes the ener­gy tran­si­tion more sus­tain­able and affordable.

What the investors say

“We were par­tic­u­lar­ly impressed with the team because they were able to take an inno­v­a­tive tech­nol­o­gy from uni­ver­si­ty research and turn it into a work­ing prod­uct with ini­tial cus­tomers in a short peri­od of time,” said Johannes von Bor­ries, Man­ag­ing Direc­tor of UVC Part­ners. “STABL Ener­gy is an impor­tant build­ing block for the wide­spread use of alter­na­tive ener­gy and ben­e­fits from the trend towards bat­tery-pow­ered cars and ener­gy storage.”

Metin Zer­man, Invest­ment Man­ag­er of Energie 360°‘s Smart Ener­gy Inno­va­tion Fund: “STABL Ener­gy’s tech­nol­o­gy also makes bat­tery stor­age finan­cial­ly attrac­tive for many appli­ca­tions. Espe­cial­ly the flex­i­bil­i­ty and com­bi­na­tion of dif­fer­ent bat­tery mod­ules in one bat­tery stor­age sys­tem — as well as the easy reuse of sec­ond-life bat­ter­ies — make this con­cept extreme­ly exciting.”

About STABL Energy

STABL Ener­gy devel­ops nov­el, mod­u­lar invert­ers for bat­tery stor­age. Found­ed in 2019 in Munich as m‑Bee by Dr. Arthur Singer, Dr. Nam Truong, Mar­tin Spre­he and Christoph Diet­rich, STABL tech­nol­o­gy makes com­mer­cial, indus­tri­al and grid stor­age more effi­cient, reli­able, secure and affordable.

The new approach also enables the seam­less and easy inte­gra­tion of dis­card­ed bat­ter­ies from elec­tric vehi­cles. This increas­es the life­time of these bat­ter­ies, reduces their resource con­sump­tion and has a pos­i­tive impact on the environment.