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Swedish startup Enerpoly raises $8.4M to build world’s first megafactory for zinc-ion batteries

Enerpoly founders
Picture credits: Enerpoly

With the demand for batteries intensifying globally, the industry urgently needs the development and adoption of more sustainable and innovative battery solutions. This is where Swedish zinc-ion battery developer Enerpoly plays a role by developing and producing zinc-ion batteries, shifting the transition to clean energy. 

After securing a $600K grant a few months back, Enerpoly has secured an $8.4 million grant from the Swedish Energy Agency, which has supported 250 startups with nearly €90 million, helping drive sustainable growth. This grant will be used to build the world’s first megafactory to manufacture zinc-ion batteries. In addition to marking the first step towards financing the production plant, Enerpoly will raise additional private capital through a Series A funding round.

The grant will also be used to develop automated manufacturing systems to streamline processes, improve energy efficiency in cell production, and ensure optimal productivity and safety at the plant.

Besides this, the funding will support initiatives to prove that zinc-ion batteries can reduce carbon emissions in energy storage, strengthen European competitiveness, and help diversify the battery supply chain.

World’s first megafactory for zinc-ion batteries

Enerpoly will establish its zinc-ion battery manufacturing plant called ‘Enerpoly Production Innovation Center (EPIC)’, in the next three years. EPIC will have a final capacity throughput of 100 MWh annually. It is said to reshape the stationary energy storage industry by demonstrating that zinc-ion batteries can be affordably and profitably mass-produced at scale, with attractive returns for investors.

Reasons to opt for Zinc-ion battery technology

Zinc-ion batteries are an effective energy storage technology to supplement renewable energy generation given they are affordable, sustainable and have a resilient supply chain, especially when compared to the more ubiquitous lithium-ion battery technology. It uses geographically constrained materials.

This technology helps Europe meet the need to rapidly scale production and development of battery technologies. 

Understanding this, Mylad Chamoun and Samer Nameer co-founded Enerpoly in 2018 in Stockholm. Its patented zinc-ion battery technology utilises zinc and manganese which are globally available and cost-effective and recyclable raw materials that are sourced from Europe.

“This is a major milestone for Enerpoly, and for zinc-ion battery technology globally. Our EPIC zinc-ion plant, we will showcase how this technology is scalable and can enable the large-scale adoption of renewable energy,” said Enerpoly Co-founder and CTO Mylad Chamoun. “With the backing of partners like the Swedish Energy Agency, Enerpoly’s zinc-ion batteries can help cement Sweden’s position at the forefront of this critical energy transition.”

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