On December 6, 2017, Volta Energy Technologies, a start-up that identifies and invests in battery and energy storage technology, announced that it has launched a new model to assess the crowded field of battery and energy storage innovations and invest in those breakthroughs with the greatest promise for commercial application. In addition, the company said that Exelon, the nation's largest producer of emissions-free energy and the largest utility company by customer count, and Albemarle, a leading lithium supplier for energy storage and other applications, have partnered together to become founding strategic investors of Volta. The two companies have committed to fund Volta to identify and invest in promising new energy storage technologies. Wilson Sonsini Goodrich & Rosati represented Volta in the partnership agreement.

According to a company press release, Volta will deliver value for innovators and strategic investors by using an often untapped resource—relationships with U.S. national laboratories and global research institutions—to source and validate the most promising energy storage technologies. Over the next year, the company will seek additional like-minded investors who have energy storage as a key element of their business strategy.

The Wilson Sonsini team that represented Volta in the partnership included partners Bob O'Connor and associate Adrian Broderick.

For more information, click here to read Volta's press release.