Support For Energy Storage Projects Expands Rapidly

Last week, Texas-based startup Xtreme Power pulled in some $5.7 million from investors, surpassing the halfway mark of its $10 million target.

Xtreme also announced a new project with Samsung SDI, with plans to build a new 1-megawatt battery storage system in Lubbock, Texas Reese Technology Center.

This time however, Xtreme will not be supplying its solid-state battery technology. Instead, it’s integrating its software and control platform, Xtreme Active Control Technology (XACT), with Samsung’s lithium manganese oxide battery.

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