Allegro Energy, an Australian startup innovating in the battery storage industry, just secured $17.5 million in Series A funding. Leading the round was the US-based Grantham Foundation, with support from other global and Australian investors like Origin Energy. Allegro’s water-based Redox Flow Battery (RFB) technology is gaining attention for being safer, non-flammable, and fully recyclable—offering a sustainable alternative to traditional batteries .
This significant investment will help Allegro expand its manufacturing capabilities, bringing its long-duration energy storage solutions to a global scale. With growing interest in sustainable and affordable storage technologies, Allegro is well-positioned to become a leader in the energy transition.
VoltaRocks and Home Optimisation
At VoltaRocks, we understand how vital energy storage is in today’s world. Solutions like Allegro’s RFBs ensure that surplus renewable energy is captured and stored for later use, making homes and businesses more efficient. Through the VoltaRocks app, homeowners can monitor their energy usage and learn how innovations like these can reduce their costs and dependency on the grid.
Source: Business News Australia - “Grantham Foundation leads $17.5m Series A for Allegro Energy” .
