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Mon Sep 13, 2021, 10:46 AM

Battery Makers Tied to Power Grid Attract Big Investors

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Battery Makers Tied to Power Grid Attract Big Investors

Investment firms have committed hundreds of millions of dollars to startups developing so-called long-duration batteries

By Scott Patterson | Photographs by Allison Dinner for The Wall Street Journal
https://twitter.com/pattersonscott
scott.patterson@wsj.com
Sept. 9, 2021 7:00 am ET

Big investors are charging into startups touting experimental new battery technologies that would make it possible for renewable energy sources to produce most of the country’s electricity.

Deep-pocketed investment firms such as TPG, Apollo Global Management and Paulson & Co. in recent months have plowed hundreds of millions of dollars into the companies, which make what are called long-duration batteries.

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