Cache Energy, a developer of long-duration storage and industrial heat technology, has raised $8.5 million in its Seed Round. Their low-cost, room-temperature energy storage solution addresses a key need in the energy transition, offering significantly cheaper and scalable storage. Led by Voyager Ventures, this funding will help Cache expand its technology, which has attracted interest from major utilities and industrial players.
Cache is collaborating with Halliburton Labs to scale operations, leveraging Halliburton’s supply chain and manufacturing expertise. Their Illinois facility produces 1 MWh every two hours, and they have rigorously tested their technology over the past year. Cache’s innovations have earned recognition, including a first-prize win at a White House pitch competition organized by the Department of Energy, highlighting the technology’s potential in the energy sector.
