Quino Energy, a company developing water-based organic flow batteries, has closed a $10 million Series A funding round from Atri Energy Transition, a company focused on the deployment of Long Duration Energy Storage (LDES). The funding deal also allows the company to call on an additional $6 million of equity funding should the need arise, for a total investment of up to $16 million.

Formed in 2021, Quino Energy is a start-up company that is developing water-based flow batteries that store electrical energy in organic molecules called quinones, for commercial and grid applications. These batteries are predicted to enjoy a unique combination of low capital cost, true fire safety, excellent lifetime, rapid scalability, and local manufacturability. This is made possible by a number of technological breakthroughs, some of which were first discovered at Harvard University and later licensed by Quino Energy.