Ore Energy raises €37.3 million to scale iron-air batteries that store renewable power for up to 100 hours

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Originally published byEU-Startups

Ore Energy, an Amsterdam-based startup developing grid-scale iron-air batteries for long-duration energy storage, has raised €37.3 million ($43 million) in Series A funding to scale its iron-air battery technology. The round was led by Plural and HV, with participation from Positron Ventures. This funding brings the company’s total amount raised to €53.02 million ($61 million). […]

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