Planar
Energy Devices is a power-storage company developing thin-film
batteries. The Orlando, Fla.-based company is a spinout of
the U.S. Department of Energy’s National Renewable Energy
Laboratory (NREL), in Golden, Colo., and is a licensee of
both NREL technology and technology from the DOE’s Oak Ridge
National Laboratory. Innovation Valley Partners and its affiliate
fund, Princeton, N.J.-based Battelle Ventures, were the sole
investors in the company’s $4-million Series A funding round.
General Partner Glenn Kline sits on the Board of Directors.
(See deal announcement.)
Company
Web Site
www.planarenergy.com
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