- LAB7 announces its participation in closing a seed investment round to support the development of transformational technologies in the energy sector.
- The investment round, led by BSV Ventures, will support the development of innovative Redox Flow battery technology for grid-scale energy storage applications.
- The agreement will enable the deployment of long-duration energy storage solutions to meet growing global demand.
LAB7, the venture-building arm of Saudi Aramco, has announced its participation in closing a seed investment round to support Finnish company Halide Energy, which specializes in developing advanced battery solutions to enable the global transition toward renewable energy.
The round was led by BSV Ventures.
The investment focuses on accelerating the development of Halide Energy’s innovative Redox Flow battery technology for large-scale grid energy storage applications.
This technology aims to address grid-stability challenges arising from the growing integration of intermittent renewable energy sources.
The agreement is intended to support the expansion of Halide Energy’s operations and speed up the rollout of transformational technologies in the energy sector.
Through its collaboration with LAB7, Halide Energy will continue developing its copper-based battery systems and preparing them for commercial deployment.
These long-duration energy storage solutions rely on abundant and cost-efficient materials and utilize water-based electrolytes, helping to significantly reduce operational and maintenance costs through simplified manufacturing processes.
About Halide Energy
Founded in 2025 in Finland, Halide Energy develops modular copper-based battery systems designed to meet grid-scale and industrial storage and flexibility needs.
The company aims to accelerate the global transition to renewable energy through efficient and sustainable storage technologies.
