Startup raises $17M for wall-mounted batteries targeting commercial peak-demand charges

Novele is building thin, installable batteries designed to shave peak power consumption in commercial buildings, aiming to reduce demand charges that can exceed half a customer's monthly bill.

First covered Sep 30, 2026 · 5:00 AM PT · 1 article

Startup raises $17M for wall-mounted batteries targeting commercial peak-demand charges — Image via heatmap.news

Coverage

2h Heatmap News The Startup Raising $17 Million for Super-Thin, Wall-Mounted Batteries — Electricity is more expensive in times of peak demand — that’s simply a universal truth. But for many commercial building owners and tenants, their most…

Primary sources

cleanegroup.org Demand Charge Fact Sheet (cleanegroup.org)

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novele.com Novele

Appeared in: 2026-09-30 (#14)

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