Princeton NuEnergy
Founded Year
2019Stage
Series A - III | AliveTotal Raised
$55.1MLast Raised
$3.7M | 5 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+119 points in the past 30 days
About Princeton NuEnergy
Princeton NuEnergy specializes in the recycling of lithium-ion batteries within the clean-technology industry. The company utilizes a process for rejuvenating cathode and anode materials from spent batteries, aiming to produce materials with a reduced environmental impact. Princeton NuEnergy's technology differs from traditional battery recycling methods. It was founded in 2019 and is based in Bordentown, New Jersey.
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ESPs containing Princeton NuEnergy
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The electric vehicle (EV) battery recycling market is focused on safely and responsibly recycling used lithium-ion batteries and manufacturing scrap, while also providing a sustainable source of critical battery materials. The market aims to close the loop for the lithium-ion supply chain by recovering critical battery elements from end-of-life batteries or scrap and using them to make new cathode…
Princeton NuEnergy named as Challenger among 15 other companies, including ExxonMobil, Contemporary Amperex Technology, and Umicore.
Princeton NuEnergy's Products & Differentiators
Cathode Material
for making lithium-ion batteries
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Research containing Princeton NuEnergy
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Princeton NuEnergy in 1 CB Insights research brief, most recently on Jul 10, 2024.
Expert Collections containing Princeton NuEnergy
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Princeton NuEnergy is included in 2 Expert Collections, including Energy Storage.
Energy Storage
5,352 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Auto Tech
3,971 items
Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.
Princeton NuEnergy Patents
Princeton NuEnergy has filed 3 patents.
The 3 most popular patent topics include:
- lithium compounds
- lithium-ion batteries
- nanomaterials
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
5/23/2023 | Lithium-ion batteries, Nanomaterials, Rechargeable batteries, Lithium compounds, Nanoparticles | Application |
Application Date | 5/23/2023 |
|---|---|
Grant Date | |
Title | |
Related Topics | Lithium-ion batteries, Nanomaterials, Rechargeable batteries, Lithium compounds, Nanoparticles |
Status | Application |
Latest Princeton NuEnergy News
Jun 28, 2024
Princeton NuEnergy (PNE), a leader in lithium-ion battery direct recycling furthering America’s circular economy, announced it closed a Series A funding round with a strategic investment from Samsung Venture Investment (Samsung’s corporate venture arm), investing in breakthrough technologies across industries and from Helium-3 Ventures. The investor demand for this 50% oversubscribed round brought PNE’s Series A total to $30 million. Samsung Venture and Helium-3 join the round’s previous investors, which includes Honda Motor, LKQ, SCG Group, Traxys Group, and Wistron. This funding round will support the construction of PNE’s first standalone, full-scale direct battery recycling advanced manufacturing facility, which will be announced later this month. So far, the company has raised $55+ million, including multiple U.S. Department of Energy grants totaling $18 million and a $7.9 million seed & angel round. The company’s technology was initially developed at Princeton University and PNE’s flagship innovation will be instrumental in driving America’s circular economy for battery recycling, one where materials stay in-country, from consumption through reuse, to recycling and remanufacturing. PNE is commercializing a lithium-ion battery recycling process that is much faster and less costly than traditional recycling while dramatically reducing environmental waste and carbon emissions by 70%. And unlike traditional battery-recycling processes which use much greater amounts of power, water and often generate difficult to manage toxic byproducts, PNE’s patented low-temperature, plasma-assisted separation process (LPAS) recovers up to 95% of materials found in all lithium-ion battery chemistries, reduces 70% energy consumption and lowers the cost over 40%. KEY QUOTE: “The incredible interest in our Series A round, capped off by a strategic investment from Samsung Venture Investment Corporation and Helium-3 Ventures, speaks to the importance of supporting a circular economy for lithium battery manufacturing here in the U.S. This funding enables us to implement and demonstrate our capabilities at commercial scale, helping America meet the growing demand for high-performance batteries while also creating high-quality clean energy jobs.” – Dr. Chao Yan, PNE’s Co-Founder and CEO Pulse 2.0 focuses on business news, profiles, and deal flow coverage.
Princeton NuEnergy Frequently Asked Questions (FAQ)
When was Princeton NuEnergy founded?
Princeton NuEnergy was founded in 2019.
Where is Princeton NuEnergy's headquarters?
Princeton NuEnergy's headquarters is located at 1200 Florence Columbus Road, Bordentown.
What is Princeton NuEnergy's latest funding round?
Princeton NuEnergy's latest funding round is Series A - III.
How much did Princeton NuEnergy raise?
Princeton NuEnergy raised a total of $55.1M.
Who are the investors of Princeton NuEnergy?
Investors of Princeton NuEnergy include Helium-3 Ventures, Samsung Ventures, SCG Chemicals, Tech Council Ventures, LKQ and 15 more.
Who are Princeton NuEnergy's competitors?
Competitors of Princeton NuEnergy include Ascend Elements and 2 more.
What products does Princeton NuEnergy offer?
Princeton NuEnergy's products include Cathode Material and 4 more.
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Compare Princeton NuEnergy to Competitors
Green Li-Ion is a lithium-ion battery recycling technology company focused on producing modular hardware solutions for the battery recycling sector. The company's main offerings include converting spent batteries into cathode and anode materials that are ready for integration into the manufacturing processes of various types of batteries. It was founded in 2020 and is based in Singapore, Singapore.
Battery Pollution Technologies specializes in creating a circular economy for the lithium-ion battery sector. The company offers services such as recycling of lithium-ion batteries, maximizing the recovery and reprocessing of critical battery minerals, and repurposing batteries for second-life applications. Battery Pollution Technologies primarily serves sectors that require battery recycling and repurposing, including the electric vehicle industry and energy storage solutions. Battery Pollution Technologies was formerly known as Battery Pollution. It was founded in 2021 and is based in Sydney, New South Wales.
Lithion Recycling is a company focused on the sustainable production of strategic materials from lithium-ion batteries, operating in the recycling and energy sectors. The company's main service involves the recovery and reuse of up to 95% of the components of lithium-ion batteries, which are commonly used in electric vehicles and portable electronics. This service is aimed at reducing the environmental impact of these batteries and making the energy transition more sustainable. It was founded in 2017 and is based in Anjou, Quebec.
Redwood Materials specializes in creating a sustainable circular supply chain for lithium-ion batteries within the recycling and manufacturing industry. The company's main services include recycling used batteries, refining metals through hydrometallurgical processes, and remanufacturing anode and cathode components for new batteries. Redwood Materials primarily serves the battery manufacturing sector, providing domestically sourced materials to U.S. cell manufacturers. It was founded in 2017 and is based in Carson City, Nevada.
Ascend Elements specializes in the production of advanced battery materials for the lithium-ion battery industry. The company offers a patented Hydro-to-Cathode process that recycles spent lithium-ion batteries into high-value materials for use in new electric vehicle (EV) batteries, enhancing sustainability within the industry. It primarily serves electric vehicle battery manufacturers and cathode manufacturers. Ascend Elements was formerly known as Battery Resourcers. The company was founded in 2015 and is based in Westborough, Massachusetts.
Redivivus specializes in lithium-ion battery recycling, focusing on logistics and material recovery in the recycling industry. The company offers services that include neutralizing battery hazards, cryogenic freezing, shredding, and safe transportation of battery materials for recycling. Redivivus targets the recycling challenges faced by various sectors, providing solutions to safely and efficiently handle end-of-life batteries. It was founded in 2020 and is based in Colorado Springs, Colorado.
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