EnerG2 raises $9.4M

EnerG2 raises $9.4M

High-performance battery company EnerG2 announced $9.4M in new funding, which will help it to manufacture batteries at its Albany plant.

The company plans to use the new funds to shift from research and development to manufacturing its “Carbon Technology Platform,” which can speed up energy storage for high-performance applications like those used in electric vehicles, heavy-duty hybrid vehicles, and an array of other devices and machinery.

The EnerG2 plant's construction was made possible by a federal stimulus package grant in 2009.

Read more at Sustainable Business Oregon.