In a significant development in the global energy storage sector, EnerVenue Holdings, Ltd. has announced the appointment of Henning Rath as its Chief Executive Officer, alongside the successful closure of a $300 million extension to its Series B preferred stock financing round.
The funding round was led by Full Vision Capital, with participation from new investors, reflecting strong market confidence in EnerVenue’s long-duration energy storage technology. The capital infusion is expected to accelerate the company’s transition from an advanced technology developer to a high-volume manufacturing leader.
The newly raised funds will primarily support the expansion of EnerVenue’s manufacturing operations in Changzhou, a global hub for battery production. The move is aimed at optimising cost structures, leveraging regional expertise, and enhancing supply chain efficiency to meet growing global demand.
At the same time, research and development activities will continue in Silicon Valley, focusing on advancing the company’s next-generation aqueous metal battery technology. The technology is designed to offer enhanced durability, safety, and cost efficiency, making it suitable for utility-scale, commercial, and industrial energy storage applications.
EnerVenue is backed by a strong group of strategic investors, including Aramco Ventures, and plans to expand its commercial footprint across Asia, the Middle East, and Europe in the coming months.
According to company leadership, the funding will enable the development of a robust supply chain for gigawatt-scale production, with near-term capacity targets of 250 MWh and 1 GWh now fully funded.
The appointment of Henning Rath is seen as a strategic move to drive the company’s next phase of growth, leveraging his experience in scaling energy and mobility ventures across global markets.
The development underscores increasing investor interest in long-duration energy storage technologies, which are expected to play a critical role in supporting renewable energy integration and enhancing grid reliability worldwide.
