Axiom Exergy Picks Up $2.5M For Thermal Energy Storage
Richmond, California-based Axiom Exergy, a developer of energy storage devices specifically for facilities with large refrigeration needs, has raised $2.5M in a funding round, according to the company. The funding came from Element 8 Fund, Victory Capital, the MIT Angels, angel investors on the Propel(x) platform, the Sierra Angels, JB Straubel (co-founder and CTO of Tesla Motors), and others. Axiom Exergy develops thermal energy storage systems specifically used to reduce electricy costs for grocery stores and cold storage facilities.
posted on Wednesday, August 3, 2016
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