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EAST LANSING, Mich. — Jolt Energy, a Holland, Michigan-based manufacturing company focused on renewable energy, has secured an investment from Michigan Rise Pre-Seed Fund III. The company is building a grid-level energy storage solution that could be more efficient and affordable than existing technologies, without relying on rare earth metals or other mining byproducts. Jolt has identified high-performance redox-active compounds to replace metal-based materials, with findings published in the scientific journal Nature.
“Jolt’s batteries have the potential to become essential for balancing the intermittent nature of solar and wind power,” says John Tran, Venture Associate at Michigan Rise. “The technology will help ensure a stable and reliable energy grid as we transition towards more renewable energy sources.”
The investment from Michigan Rise will be used to pilot a new prototype in the field. The data gathered from these field trials will be critical for research and development efforts to commercialize their chemistry for battery manufacturers. Jolt Energy is actively hiring additional team members to accelerate their speed to market.
“We’re collaborating with several strategic investors and are well on our way to completing the $5.6 million round,” said Jack Johnson, Co-Founder and Chief Engineer at Jolt Energy.
