Portfolio
2
companies
Connected Energy
Connected Energy creates modular energy storage systems using second life electric vehicle batteries.
Nu Quantum
Nu Quantum builds distributed quantum computing infrastructure.
The Cambridge startup secured backing from National Grid Partners and Gresham House Ventures to scale its distributed quantum computing architecture.
"When we launched seven years ago, very few were thinking about networked or distributed quantum computing as a strategy for scaling, but we saw it as one of the most urgent and challenging outstanding problems in the industry, and set out to solve it. We’ve made great strides in shaping the market and the technology since then."
The funding round was led by ENGIE New Ventures with participation from Low Carbon Innovation Fund 2, Sumitomo, and Macquarie.
"We almost double the working life of the batteries for vehicles and thereby greatly increase the value created from the resources already embedded in them. Our objective is to provide our end-customers with bankable energy storage systems and our battery supply partners with reliable routes to market for their second-life batteries,"
