Elastic Energy develops energy-storage batteries that use natural tree sap instead of conventional mineral-based materials. The Colombian startup says its systems are designed for renewable-energy storage, with a claimed lifespan of at least 10,000 cycles and no thermal-runaway or fire risk. Co-founders Samuel and Juliana Bendek lead a team spanning engineering and growth, and the company has received recognition including Most Innovative Colombian Startup from the NTT Data Foundation.
Wright Energy Storage TechnologiesWright Energy Storage Technologies builds non-chemical, supercapacitor-based energy storage systems designed to offer a safer, longer-lived alternative to lithium-ion batteries. Founded in the United States and tested in Africa, the company says its technology has a 10-year track record, more than 3,500 systems operating and distribution capability in 39 countries. Its core team brings more than 130 years of combined experience in energy storage, hardware and software design, manufacturing, finance and commercialization.NEW YORK, NY
UBC Global Holdings LtdFounded in 2017 by Maurizio Cunningham-Brown, UBC Global Holdings develops and manufactures lightweight, energy-dense modular batteries for vehicles and energy storage. Its patented Duophasic technology underpins the company’s production-ready Duophasic COR battery, which UBC says exceeded EUROBAT’s 2030 targets in 2021, while its Hyde manufacturing plant supports the move from battery innovation into commercial production. Through its BrightSpark division, UBC also dedicates part of its production to expanding access to sustainable energy in emerging economies.BETHESDA, MD
TerramentTerrament, based in Los Angeles and New York, is developing patented long-duration energy storage that uses underutilized mine shafts to store electricity through gravity. Founded by a former underground mine engineer and a technical entrepreneur, the company’s design combines a mile of vertical height with shaft-wall-mounted rails and avoids chemical batteries or critical minerals. Its research-backed system is projected to exceed 80% round-trip efficiency, with two U.S. patents granted and further patents pending.BROOKLYN, NY
Renon Power Technology IncFounded in 2014 by U.S. Army veteran Paul Buckwalter and fellow veterans, Renon Power Technology develops and manufactures battery energy-storage systems for homes, businesses, and utility-scale applications. The company’s path runs from its first home storage system in 2017 to commercial and industrial solutions in 2019, a new R&D center in 2022, and utility-scale systems in 2023. Renon combines battery and energy-management technology with intelligent fire safety and structured quality controls, and operates through branches in the United States, Europe, and Asia.335910READING, PA