
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.

It’s all part of Schumer’s push to tout the law he wrote and explain how critical these and other similar programs are in the Inflation Reduction Act and the Bipartisan Infrastructure Law. He says the money will also help skyrocket the company’s output.

Schumer is pushing for the federal government to execute the next phase of its growth and invest $200 million into the former American Axle Factory and encourage the current manufacturer to add hundreds of new, good-paying jobs. The Department of Energy's loan guarantee program looks to support the company with $200M.

The company is looking to benefit from the Inflation Reduction Act.Chuck Schumer calls on Viridi Parenete to add hundreds of new jobs
