Skip Technologies, a Portland-based company, has received an investment from Puyallup Tribal Enterprises to develop a unique liquid battery for large-scale stationary energy storage. The exact amount of the deal was not disclosed, but it will be used to expand operations and further develop the innovative battery technology.
Under CEO Brennan Gantner’s leadership, Skip Technologies has created a new type of battery that uses bromine and hydrogen instead of traditional lithium. This design is unique in that it has no moving parts and is fully recyclable. By using cost-effective and relatively safe bromine, along with allowing hydrogen to evaporate in case of leakage, the battery demonstrates an environmentally conscious approach.
In a statement regarding the investment, Gantner expressed excitement about partnering with Puyallup Tribal Enterprises. He emphasized their shared vision of protecting and preserving the environment, creating high-quality local jobs, and establishing a successful domestic manufacturing business. Gantner noted that having Puyallup Tribal Enterprises as a lead financial investor was an honor and he looks forward to utilizing their manufacturing capacity to further develop his company.
With this investment behind them, Skip Technologies is poised for growth and development of their liquid battery technology.