Yotta Energy, a panel-level battery company, announced that it has raised an additional $ 3.5 million, including an investment from inverter partner APsystems, to bring the total investment in Series A to $ 16.5 million. In addition, the Ministry of Defense’s Environmental Security Technology Certification Program (ESTCP) has awarded Yotta approximately $ 2 million to the Solar + Storage Microgrid at Nellis Air Force Base in Las Vegas, Nevada.
Olivier Jacques, Global Business President of APsystems, said: unit. “While working with Yotta, I directly saw them causing positive turmoil in the industry. Zoning, concrete, and efficient energy storage do not go directly to DC. Supporting Yotta with a Series A raise was a clear choice. “
With the latest funding, Yotta Energy will be able to innovate next-generation hardware technology and incorporate customer feedback as it begins to work on Nellis deployments.
“Yotta Energy is a great candidate for this [ESTCP] Timothy Tetreault, project manager for ESTCP, said: “We are pleased to be able to implement this technology at Nellis Air Force Base. We strive to ensure the future of the military with elastic and sustainable solutions.”
Last year, Yotta Energy raised $ 13 million from investors. WINDVentures, Doral Energy-Tech Ventures, Riverstone Ventures, EDP Ventures and SWAN Impact Network expand and accelerate the installation of Yotta’s PV-coupled solar + storage flat roof energy backup solutions. ..
Omeed Badkoobeh, CEO and co-founder of Yotta, said: energy. “As the adoption of electric vehicles is increasing, companies will become more and more cautious about their need to generate electricity in-house. We will allow companies to manage additional electrical loads while maintaining the electricity demand of the building. We are helping to close this gap by providing products and services that help us to accelerate our mission, further develop our hardware and software technologies, and increase our workforce. can do.”
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