Seattle-Area Energy-Storage Company Group14 Technologies Gets A Capital Boost

Source: Bill Conroy, Seattle Business, August 9, 2019.

Rick Luebbe, Group14 Technologies

Group14 Technologies Inc., based in Woodinville, located just east of Bothell, has successfully raised $14.4 million as part of an $18.1 million equity offering to advance its efforts to develop a better battery to help power the expanding electric-vehicle and energy-storage market.

The company, spun out in 2016 from Seattle materials manufacturing company EnerG2, is developing cost-effective, advanced silicon-carbon composite materials for use in lithium-ion batteries. At the time of Group14’s launch, it secured a $2.8 million grant from the U.S. Department of Energy to help advance development of the company’s battery technology. 

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