May 11, 2016
Energy, specifically how we can be more efficient in the usage and storage of energy, has been a huge focus of entrepreneurs for a number of years. Everything runs on energy (duh), so it’s important that we’re doing all we can to use it responsibly. No other innovation can happen without it.
The last 5-10 years have seen a surge in the energy sector. New and innovative products are emerging to help both businesses and individuals in their homes. Billions of dollars have been invested in the industry and some big companies, such as Lockheed-Martin and Mercedes-Daimler are entering the space.
Some of the biggest trends in energy storage are in home energy storage and wireless charging. In home energy storage it’s all about lithium ion power and companies such as Lockheed-Martin, Mercedes, Sonnen, Powervault, E.ON, Redflow, and Verengo Solar are all getting in on the game. In the world of wireless charging, companies working on solutions have seen $150M in funding over the last five years.
While there are definitely some big names in the sector, there are a lot of startups working on finding solutions to very real energy challenges. For example, Zpower is working on creating micro-batteries needed for products such as hearing-aids and small medical devices. And Powermat is a startup that is trying to create longer lasting batteries for devices that use a lot of energy.
This infographic by Tracxn shows the companies that are making names for themselves in energy storage and the challenges they are working to solve.
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