Empowering the Energy Revolution: Polarium Secures $49 Million in Funding for Sustainable Energy Solutions

Polarium, a pioneering energy storage developer founded in 2015, is excited to announce that it has successfully raised $49 million in its latest funding round. As a leader in the creation of innovative energy storage and optimization solutions grounded in lithium-ion battery technology, Polarium is committed to facilitating a transition to sustainable energy. The funding will be strategically allocated to enhance its cutting-edge modular battery technology, which serves industries ranging from telecommunications to commercial and industrial facilities worldwide. With sustainable energy transformation at the core of its business ethos, Polarium's solutions are pivotal in harnessing renewables, promoting electrification, and managing intermittent power supply. Headquartered in Stockholm, with manufacturing facilities in Mexico, South Africa, and Vietnam, Polarium has established a global customer base extending from Ghana to Svalbard and boasts a dedicated workforce of over 600 employees. This latest capital injection will not only bolster Polarium’s growth trajectory but also accelerate the development of state-of-the-art sustainable energy solutions designed for today's energy challenges and those of the future. As Polarium continues to drive innovation in the energy sector, it reaffirms its position as an impactful force in the global movement towards a sustainable energy future, empowering businesses and communities alike to embrace cleaner, more efficient energy practices.