Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
RFC Power, a UK-based grid battery technology spinout of Imperial College London, completed a seed round of undisclosed size yesterday backed by commercialisation firm IP Group. The funding will go to recruitment and developing RFC Power’s core technology, which incorporates hybrid gas-liquid flow batteries for electricity grids to facilitate the delivery of renewable power. RFC Power leverages work from Anthony Kucernak, a professor of physical chemistry at Imperial’s department of chemistry, and Nigel Brandon, the dean of the faculty of engineering who previously co-founded Imperial fuel cell spinout Ceres Power.
