Seabed New Energy announced today an investment and collaboration agreement to deploy EnerVenue's uniquely differentiated nickel-hydrogen battery technology, a key enabler of stationary energy storage solutions. Seabed New Energy and EnerVenue will work together to progress large-scale deployment of nickel-hydrogen battery technology across selected global markets.

Energy storage solutions are critical to the evolution of the energy mix as the energy transition demands more significant contributions from renewable sources. In addition, the focus on expanding electrification is accelerating the need for large-scale deployment of safe, cost-effective, sustainable, and reliable stationary energy storage solutions. As a result, there is a rapidly growing market for such solutions across utility-scale grid storage, off-grid commercial and industrial storage, and residential sectors.

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