STABL

STABL Energy redesigns battery systems to be more efficient, dynamic, and safe. Its novel battery power control system replaces the central inverter in the battery, which improves the efficiency and safety of the system. STABL Energy's core product allows the seamless and reliable use of second-life batteries for commercial scale, improving the systems' cost-effectiveness and sustainability. The company has raised $8.5M in funding (incl. non-dilutive) and is looking to successfully deploy its number of pilot projects in Europe. Longer term, the company plans to transition from a hardware vendor to a hardware-as-a-service model, providing customers its products for little to no Capex investment and operational risk and unlocking recurring revenue streams.