Equinor Ventures invests in Revterra
Equinor Ventures is pleased to announce an investment in Revterra, a Houston, Texas based company that is creating the next generation kinetic battery system.
Revterra has raised USD 6 million in a Series A financing round led by Equinor Ventures and joined by SCF Ventures. The capital raised will fund product development, hiring, and the commercialization of Revterra’s S100 kinetic battery to accelerate the rapid electrification of transportation and enable increased renewable energy deployment without destabilizing the electric grid.
“Energy storage plays an important role in enabling the decarbonization of transportation and the buildout of renewables while ensuring power market stability. We look forward to collaborating together with Revterra,” said Gareth Burns, head of Equinor Ventures