Rust Belt Industrials
Equipment Manufacturing / Nickel-Hydrogen Batteries

EnerVenue

Fremont, CAStartupenervenue.com
Total Funding
Undisclosed (Series B stage)
Founded
2020
Employees
251-500
Headquarters
46430 Fremont Blvd, Fremont, CA 94538

EnerVenue is a Fremont, California-based energy infrastructure company founded in 2020 that is commercializing nickel-hydrogen (metal-hydrogen) battery technology for grid-scale and long-duration energy storage. The company's origins trace back to NASA's use of nickel-hydrogen batteries in the 1980s and 90s - the same chemistry that powered the Hubble Space Telescope and the International Space Station for decades. Stanford University Professor Yi Cui, one of the world's foremost materials scientists and an elected member of the National Academy of Sciences, recognized that this proven chemistry could be re-engineered for grid-scale deployment at a fraction of the original cost, and that research became the scientific foundation for EnerVenue.

EnerVenue's flagship product is the Energy Storage Vessel (ESV) - a metal-hydrogen battery system designed for a 30-year service life, over 30,000 charge cycles, and 100% usable depth of discharge with virtually no degradation. Unlike lithium-ion batteries, ESVs carry zero risk of thermal runaway, require no complex thermal management or auxiliary fire suppression systems, and need no major scheduled maintenance over their full project life. The company is targeting the growing gap between renewable energy generation and grid storage capacity, positioning its technology as a superior long-duration infrastructure solution to replace lithium-ion in utility-scale deployments. High-volume manufacturing is targeted for 2026, with primary operations in Silicon Valley and a manufacturing presence in Changzhou, China.

EnerVenue is strategically significant to the US energy supply chain as a domestically led developer of a beyond-lithium battery technology that reduces dependence on constrained critical mineral supply chains - a key vulnerability in the current lithium-ion dominated storage market. With backing from strategic investors including Aramco Ventures, a new CFO experienced in taking companies public, and partnerships with global energy giants like RWE, EnerVenue is scaling toward commercial production at a moment when grid resilience and long-duration storage are national energy priorities. The company has also secured international supply agreements (525 MWh with VedantaESS in South America and a master supply agreement with AVID Group in Australia), underscoring the global demand for its technology.

Funding

EnerVenue has completed 4 funding rounds including a Series A and at least two Series B tranches. Investors include Full Vision Capital (lead, Series B) and Aramco Ventures. Total funding amount not publicly disclosed. The company appointed a CFO in July 2024 with a track record of taking companies public, signaling a potential IPO trajectory.

Investors

  • Full Vision Capital (lead Series B investor, Alan Chan)
  • Aramco Ventures

Key People

  • Henning Rath, CEO
  • Prof. Yi Cui, Co-Founder & Chairman
  • Dr. Majid Keshavarz, CTO
  • Steffen Pietzke, CFO
  • Randall Selesky, Chief Revenue Officer
  • Rob Willy, SVP of Manufacturing

News