From earth2tech:
Bill Gates is continuing to fund next-generation battery startups. On Tuesday, battery startup Aquion Energy announced that it is working on raising another round of $35 million, with a first close on that round from Bill Gates, as well Bright Capital, Gentry Venture Partners, and existing investors Kleiner Perkins and Foundation Capital.
Aquion Energy, based in Pittsburgh and founded in 2007, is using basic materials like sodium and water to build modular batteries that will be able to provide energy storage services for the power grid. The technology was developed out of Carnegie Mellon University by founder and chief technology officer Jay Whitacre... MORE
