Ore Energy raises $43 million to build its first iron-air battery factory
Plural and HV Capital led the Series A as Ore Energy prepares a 400 MWh delivery to Budget Thuis in 2028.
By Ryan Merket · Published
Primary source: Tech.eu
Why it matters
Ore Energy now has institutional capital and a 2028 customer deadline to prove that European iron-air batteries can be manufactured and deployed at utility scale.
Aytac Yilmaz, a materials scientist who turned his research on corrosion into a battery startup, has raised $43 million for Ore Energy to build its first manufacturing facility and move a 100-hour iron-air storage system toward commercial deployment. Tech.eu reported the Series A on August 4th.…
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