Xora Innovation led a $55m Series A round in Peak Energy.

Xora Innovation, an Early-Stage deep tech investing platform of Temasek, led a $55m Series A round in Peak Energy, a company developing low-cost, giga-scale energy storage technology for the grid, with participation from Eclipse, strategic partner TDK Ventures, Lachy Groom, Tishman Speyer, TechEnergy Ventures, Doral Energy-Tech Ventures and DETV-Scania Invest. "AI should represent a step forward, not a step backward. As energy demand grows, we must capitalize on the potential of renewables to provide dependable, inexpensive energy to fuel a new era of technological advancement. Utility-scale storage powered by sodium-ion is the answer to securing this future on a resilient, decarbonized grid," Landon Mossburg, Peak Energy Co-Founder and CEO.