Kodiaq Technologies, a University of Cambridge spin-out pioneering organic electrolytes for long-duration energy storage, has completed an £850,000 funding round backed by over twenty high-net-worth investors across the climate tech and deep tech communities.
The investment confirms growing momentum behind a new generation of organic, metal-free, UK-developed energy storage technology, which is designed to enhance the return on investment on sustainable large-scale storage solutions that can be manufactured and deployed globally.
Kodiaq’s proprietary organic electrolytes increase energy density and, therefore, enhance storage capacity. The company believes its technology will enhance the performance of flow batteries with a significant reduction in the investment cost per unit of storage. The benefit of Kodiaq’s technology is to potentially provide a scalable, cost-effective alternative to lithium and vanadium-based systems. Additionally, by using organic chemistry rather than mined metals, Kodiaq can offer environmental and strategic advantages as to long-term supply resilience for the global energy storage industry.
The funds will be used to accelerate development with a view to raising a substantial funding round in mid-2026 which will be used to establish scaled-up demonstration projects in several global markets.
Founded on patented research developed out of the University of Cambridge, Kodiaq Technologies was co-founded by Professor Oren Scherman (CSO) and Dr Kamil Sokolowski (CTO), leading innovators in advanced energy materials and energy-storage science, alongside Dr David Fyfe, former Chairman and CEO of Cambridge Display Technology, where he led its transformation from a University spin-out to a NASDAQ-listed company and eventual $285 million trade sale.
The strategy behind Kodiaq’s capital-light business model is to retrofit existing flow battery systems, allowing operators to achieve a substantial improvement in the return on their investment. Beyond the retrofit market, Kodiaq’s strategy is to co-develop with OEMs and integrators for future-generation, long-duration storage systems.
With global energy demand accelerating, driven by the growth of AI computing and data centre electrification, the potential is for Kodiaq’s technology to address one of the sector’s most urgent challenges: how to improve the return of investment for flow battery installations in storing energy at scale - without reliance on scarce or geopolitically sensitive resources.
With the long-duration energy storage market projected to exceed $500 billion by 2030, Kodiaq is working towards enhancing the UK position as a leader in sustainable, independent energy innovation that supports both decarbonisation and economic resilience.
