Skip Technologies, a cutting-edge energy storage company based in Portland, Oregon, is set to revolutionize the industry with their unique liquid battery technology. The company’s focus on developing a long-duration stationary energy storage solution ranging from 4 to over 100 hours has caught the attention of Puyallup Tribal Enterprises, who have recently invested in the company. Although the exact amount of the deal was not disclosed, this investment will be used to expand operations and further refine the innovative battery technology.
Under the leadership of CEO Brennan Gantner, Skip Technologies has developed a new type of battery that utilizes bromine and hydrogen instead of the traditional lithium. This design is groundbreaking as it has no moving parts and is fully recyclable. By using cost-effective and relatively safe bromine, along with allowing hydrogen to evaporate in case of leakage, the battery demonstrates an environmentally conscious approach.
In a statement regarding the investment, CEO Gantner expressed his excitement about partnering with Puyallup Tribal Enterprises. He emphasized their shared vision of protecting and preserving the environment, creating high-quality local jobs, and establishing a successful domestic manufacturing business. Gantner noted that having Puyallup Tribal Enterprises as a lead financial investor was an honor and looked forward to utilizing their manufacturing capacity to bring his innovative technology to market.
Overall, Skip Technologies is well-positioned for growth and continued development of their liquid battery technology with the support of their recent investment from Puyallup Tribal Enterprises.