Lancey Energy Storage raises €8 million
Categorie(s) : Industry, News, Research
Published : 2 December 2019
Lancey Energy Storage, which was founded in 2016 and which moved to MINATEC in 2017, raised €8 million this summer. The Grenoble-based startup is developing a smart electric radiator with an integrated storage battery. The product will target the residential and commercial markets. Its lithium-ion battery and electronic regulation system can effectively store the energy from solar panels, help optimize energy production, and reduce heating bills by up to 50%.
This major influx of capital will position the company to scale up its solution for manufacturing and speed up business development in France and other countries. The company’s 2020 targets include selling 5,000 units, and then increasing its manufacturing capacities before addressing retail markets in 2021.