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Viridi’s Green Machine brand has set the standard as the first lithium-ion pack system to meet the demands of the construction and heavy industrial markets, with systems that feature long cycle life, resilient physical design and completely self-contained architecture. Viridi is developing safe, resilient and cost-effective point-of-use lithium-ion battery systems that will power the other 97% of our economy.” The majority of the innovation around this technology is focused on battery powered vehicles, however, technology designed for cars does not translate into other sectors of the economy where safety, resilience and cycle life are the leading design requirements. Passenger vehicles currently represent roughly 3% of the world’s total GDP. Williams, Chairman and CEO, Viridi Parente, Inc., “Point-of-use energy storage has the potential to more than double the delivered capacity of our entire energy transmission system without additional investment in new infrastructure.

New investors include Ashtead Group/Sunbelt Rentals, a leader in the equipment rental industry providing a highly diversified offering of equipment and solutions that service a broad customer base with more than 1,025 locations supporting a rental fleet of $11 billion, and National Grid Partners, the investment arm of National Grid, one of the world’s largest investor-owned energy companies.Īccording to Jon M.

Thomas Golisano, an entrepreneur, philanthropist, and civic leader who has demonstrated an ongoing dedication to building innovative businesses. The Series C round was led by existing investor B. This round of funding, in which Viridi is valued, post-money, at $700 million, marks the next step toward the company’s vision to manufacture fail-safe, point-of-use lithium-ion battery technology at scale. (Viridi), a leader in developing safe, resilient, point-of-use battery storage technology, has raised $94.695 million in a Series C funding round.

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