Public and private sector get behind making energy storage more intelligent
- Brill Power has raised £2.5M to advance sustainable technology solutions
- Funding sources include an over-subscribed £1.4M seed round and public sector support from Innovate UK, BEIS, and ClimateKIC worth £1.1M
- Brill Power’s cutting-edge battery management systems will enable batteries to reach their full potential
Oxford, UK, 17 February 2021: Brill Power, a battery technology company spun out from the University of Oxford, is pleased to announce that it raised £2.5M from public and private sources to advance sustainable technology solutions in 2020.
Brill Power’s aim is to enable batteries to reach their full potential, avoiding the unnecessary battery waste that is seen in current systems.
The company’s game-changing, intelligent Battery Management Systems (BMS) and control technologies increase the lifetime, safety and sustainability of lithium-ion battery packs for stationary energy storage and electric vehicles.
Funding was raised from an oversubscribed £1.4M seed round, led by Oxford Sciences Innovation (OSI) with support from Oxford Investment Consultants (OIC). As an innovative technology company in the energy storage sector, Brill Power was also able to secure a further £1.1M from public sector bodies, including, Innovate UK, BEIS, and ClimateKIC.
Brill Power will use the funding to further advance its technology and expect to launch its first product for the stationary storage market later this year, while also advancing its automotive technology to an EV demonstrator system.
Christoph Birkl, co-founder and CEO at Brill Power commented:
“2020 has been an incredible year for Brill Power. When many companies were gearing down operations, we were able to ramp up capabilities and take on more investments and projects than ever before. It is brilliant to receive support from both public and private sectors, together we will advance energy storage to where it needs to be. Our team is now working hard to deliver all the great projects we have underway.”
Chris Miles, Investor and Board member said:
“2020 brought a lot of uncertainty to small businesses this year, and Brill Power is a shining example of where innovators and entrepreneurs can thrive through adversity.”
William Goodlad, Principal, Oxford Sciences Innovation, said:
“Brill Power is addressing the pressing unmet need to make batteries more intelligent, increasing efficiency and reducing waste. We look forward to supporting them as their innovative and validated technology enters the growing energy storage market.”
Freddie Hamilton, Investor, Oxford Investment Consultants, said:
“We’re excited to support the rapidly growing Brill Power and the founding team’s vision for a greener, more sustainable future. Their technology has huge potential to have a major impact on the viability of energy storage in a rapidly growing market”
In 2020, the company grew from 11 to 20 employees and expects to continue to grow throughout 2021 to meet the growing demands and opportunities from the energy and sustainability sectors.
Brill Power’s technology is a key solution to help the UK’s Green Industrial Revolution, and will contribute to achieving three of the UN’s Sustainable Development Goals.
About Brill Power:
Brill Power is a spin-out from the University of Oxford, developing intelligent battery management and control technology to increase the lifetime, safety and sustainability of lithium-ion battery packs for stationary energy storage and electric vehicles.
The University of Oxford was responsible for the discovery of the Lithium-ion battery in 1980. Instead of focusing on battery chemistry, Brill Power now focus on battery electronics.
Brill Power is led by four active co-founders, CEO Christoph Birkl (DPhil), CTO Damien Frost (DPhil), CFO/COO Carolyn Hicks (MBA, MASc), Chief Data Scientist Adrien Bizeray (DPhil).
About Oxford Sciences Innovation:
Oxford Sciences Innovation is a leading science and technology business. We ensure Oxford’s world-leading science moves out of the laboratory and onto the global stage. In partnership with the University of Oxford, OSI creates fundamental technology companies, built on science. We match scientists with experienced entrepreneurs and patient capital to turn idea to impact, discovery to company. We invest in Life Sciences, Deep Tech, Healthtech, AI and Software to create companies taking on challenges like diagnosis and treatment of disease and cancer, hyper resolution microscopy, renewable energy, drones, nuclear fusion and quantum computing. Founded in 2015, we’ve raised over £600M of evergreen capital, building on Oxford’s renowned research legacy, to create a leading science and technology ecosystem and home for entrepreneurs.
oxfordsciencesinnovation.com | Twitter | LinkedIn |
About Oxford Investment Consultants:
Oxford Investment Consultants (OIC) backs extraordinary founders turning scientific research into products addressing the world’s greatest challenges. The firm partners with transformative companies from Oxford University and other world-leading UK research institutions with the aim of building future sector leaders.
www.oxfordinvestmentconsultants.com
Enquiries:
Contact: Carolyn Hicks: CFO, COO, Founder
Email: hello@brillpower.com
