Energy storage startup Stash Energy wins $500k from NBIF, ICP
Fredericton-based energy storage startup Stash Energy has raised $500,000 in financing. Existing backer New Brunswick Innovation Foundation (NBIF) invested $250,000 in the round, with Island Capital Partners (ICP) accounting for the rest. Founded in 2016, Stash Energy’s storage system works with conventional residential heat pumps to thermally store energy for later use, which prevents usage during peak times. The proceeds of the round will used for the company's M1 comfort system, the second generation of an initial system, which is scheduled to launch in early 2019.
14 June 2018•3 mins read
