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Energy Tech Series A Founded 2018

Noon

Noon Energy develops ultra-long duration energy storage systems using groundbreaking reversible electrofuels technology that stores electricity in abundant carbon-based media rather than mined critical metals. The battery system uses reversible solid oxide fuel cell technology to convert between electricity and stored chemical energy, with separate charge and discharge tanks holding carbon-based storage media. Noon…

📍 Palo Alto, United States · Renewable Energy Tech,

Funding snapshot

Last roundSeries A
Amount$31M
Date15 November 2023
Total raised$31M
Team size76

About

Noon Energy develops ultra-long duration energy storage systems using groundbreaking reversible electrofuels technology that stores electricity in abundant carbon-based media rather than mined critical metals. The battery system uses reversible solid oxide fuel cell technology to convert between electricity and stored chemical energy, with separate charge and discharge tanks holding carbon-based storage media. Noon delivers 100+ hours of uninterrupted clean power regardless of weather conditions, achieving a system cost below $20/kWh and producing clean firm power at approximately 6 cents per kWh. The technology offers 3x higher energy density than lithium-ion alternatives, requiring a significantly smaller footprint, and uses less than 1% critical materials compared to lithium-ion batteries, ensuring supply chain security and energy independence. The system is modular and scalable for multi-day to seasonal storage applications across commercial and industrial facilities, microgrids and islands seeking decarbonization, and data centers and grid-scale operations requiring resilient energy systems. Founded in 2018 and headquartered in Palo Alto, California, Noon has raised $31 million in Series A funding from investors including Prime Impact Fund, At One Ventures, Clean Energy Ventures, Aramco Ventures, Emerson Collective, and TechEnergy Ventures.

Business model

Renewable Energy Tech > Horizontal > Energy Storage > Carbon Oxygen,

Energy Storage Tech > Battery > Secondary Battery > Carbon Oxygen

Team background

College Wise > Carnegie Mellon University, Cornell University, Columbia Business School

Institutional investors

Prime Impact Fund At One Ventures Xplorer Capital Collab Fund Clean Energy Ventures Aramco Ventures Emerson Collective Mistletoe Doral Energy Group OSTI America’s Seed Fund Cleantech Open CalSEED TechEnergy Ventures Clean Energy Venture Group

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