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Imergy Power Systems has raised $15.0M across 1 funding round.
Key people at Imergy Power Systems.
Imergy Power Systems has raised $15.0M in total across 1 funding round.
Imergy Power Systems, based in Fremont, California, develops and manufactures vanadium flow batteries for advanced energy storage solutions. The company focuses on renewable energy integration and efficiency, delivering value in grid and off-grid applications for sectors like telecom networks and distributed energy. Operating on a B2B model, Imergy Power Systems has raised $52.5 million in funding across three venture capital rounds. Lead investors include Nokia, Draper Fisher Jurvetson (DFJ), New Enterprise Associates (NEA), and Technology Partners. Venture capitalist Ehrenpreis is also a notable figure, alongside CEO Bill Watkins, former Seagate CEO. Originally founded as Deeya Energy in 2004, the company rebranded to Imergy in late 2013, shifting its focus to vanadium flow battery technology. Its business model centers on B2B model funded through venture capital, raising $52.5 million across 3 rounds.
Imergy Power Systems has raised $15.0M across 1 funding round. Most recently, it raised $15.0M Series B in January 2008.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2008 | $15M Series B | — | NewView Capital | Announced |
Imergy Power Systems has raised $15.0M in total across 1 funding round.
Imergy Power Systems's investors include NewView Capital.
Key people at Imergy Power Systems.
Imergy Power Systems is a cleantech company based in Fremont, California, specializing in the development and manufacturing of electrical energy storage systems.[1][3][5] Its Energy Storage Platform (ESP) reduces energy costs, optimizes renewable power generation, and improves power reliability, while its L-Cell technology targets long-term energy storage for applications like space flights; the company focuses on vanadium flow batteries noted for efficiency and safety over traditional batteries.[1][3][4] Serving sectors like energy management, distributed and utility-scale storage, Imergy addresses grid stabilization and renewable integration challenges, with reported funding of $45 million, revenue around $5 million, and 45-100 employees, though recent data suggests it may no longer be active.[1][3]
Founded in 2004 as Deeya Energy in Fremont, California, Imergy Power Systems rebranded to focus on advanced energy storage innovations.[1][2] The company emerged from early efforts in developing flow battery technologies, evolving into a key player in cleantech with products like the ESP and L-Cell, achieving early traction through $45 million in funding amid growing demand for renewable-compatible storage.[2][3] Pivotal moments include its shift toward safer, non-toxic vanadium-based solutions to counter lithium-ion risks, positioning it in competitive landscapes against firms like Tesla and Siemens.[3][4]
Imergy rides the global shift to renewable energy and grid modernization, where intermittent solar/wind sources demand scalable, long-duration storage to replace fossil fuels.[1][3] Timing aligns with 2020s policy pushes for clean energy (e.g., net-zero goals) and market forces like rising electricity demand from EVs and data centers, favoring safer alternatives to fire-prone lithium batteries.[3][4] It influences the ecosystem by competing with giants like Tesla and Fluence, advancing vanadium tech that supports decentralized grids and climate solutions in energy/materials sectors.[1][3]
Imergy's legacy in vanadium flow batteries positions it as a pioneer in safe, scalable storage, but limited recent updates and past-tense descriptions suggest dormancy or acquisition, potentially limiting near-term momentum.[4] Emerging trends like AI-driven grids and space commercialization could revive L-Cell applications, while broader vanadium adoption amid lithium shortages may draw interest from utilities or strategics. Its influence may evolve through tech licensing, tying back to its core mission of unlocking renewables for a decentralized energy future.[1][3]
