GM leads $108M funding round for sodium-ion battery storage maker Peak Energy

General Motors' venture arm is backing Peak Energy's push into grid-scale energy storage with sodium-ion cells, as the startup prepares to launch manufacturing in California.

First covered Oct 23, 2026 · 1:54 AM PT · 2 articles · no longer in the live window

GM leads $108M funding round for sodium-ion battery storage maker Peak Energy — Image via pv-magazine.com

Coverage

18d Electrek GM is betting on battery cells that don’t use lithium [updated] — GM has partnered with Peak Energy to develop next-generation sodium-ion battery cells, but they’re not going into EVs – they’re for grid-scale energy storage…

19d PV Magazine Sodium-ion storage maker Peak Energy raises $108 million in GM-led round — A US sodium-ion battery storage company has closed a $108 million Series B round led by General Motors’ venture arm, as it prepares to start production at a 4…

More coverage from around the web

bloomberg.com GM Leads $108 Million Funding Round for Sodium-Ion Battery Startup - Bloomberg

cbtnews.com GM backs sodium-ion battery startup with $108M, extends eyes-off driving plans

app.dealroom.co GM leads $108M round for sodium-ion battery maker Peak Energy

pv-magazine-usa.com Sodium-ion storage maker Peak Energy raises $108 million in GM-led round - pv magazine USA

power-technology.com Peak Energy secures $108m in Series B for sodium-ion battery scale-up

Appeared in: 2026-10-24 (#1) · 2026-10-25 (#6) · 2026-10-26 (#12)

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