Noon Energy

Develops cost-effective energy storage batteries

Palo Alto, California, United States

About Noon Energy

Noon Energy focuses on addressing the challenge of storing renewable energy, particularly from solar and wind sources, which can be inconsistent. The company has created a new type of battery that is affordable, durable, and capable of storing a significant amount of energy. This battery allows renewable energy to be stored and accessed at any time, ensuring a reliable energy supply throughout the year. Noon Energy primarily targets utility companies, renewable energy providers, and large industrial clients who require dependable energy storage solutions. Unlike many competitors, Noon Energy's batteries are designed to be both cost-effective and efficient, making them an attractive option for clients looking to enhance their energy storage capabilities. The main goal of Noon Energy is to make renewable energy more reliable and practical by providing effective storage solutions.

Palo Alto, CaliforniaHeadquarters
2018Year Founded
$29.9MTotal Funding
EARLY_VCCompany Stage
Energy, Consumer GoodsIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Parental Leave
Company Equity

Risks

Competition from dominant lithium-ion battery technology may hinder market penetration.
Funding gaps during early deployments could slow Noon Energy's scaling efforts.
Hydroelectric reliance in Latin America may limit immediate demand for Noon Energy's technology.

Differentiation

Noon Energy's flow battery technology offers ultra-low cost, long-duration energy storage.
The company's batteries are energy-dense, ensuring efficient renewable energy storage.
Noon Energy's technology supports 24/7 availability of solar and wind energy.

Upsides

$28 million Series A funding boosts Noon Energy's commercialization efforts.
Growing demand for grid stability increases interest in Noon Energy's battery solutions.
Latin America's renewable energy growth presents new market opportunities for Noon Energy.

Funding

Total raised$29.86 M
Latest valuation$138.50 M
StageEARLY_VC
EARLY VC
11/30/2022
$28
$138.50 M