Kodiaq Technologies raises £850k to push energy storage tech in $500bn market
Kodiaq, which is pioneering organic electrolytes for long-duration energy storage, has completed an £850k funding round backed by more than 20 high-net-worth investors across the ClimateTech and DeepTech communities.
Dr Fyfe formerly steered CDT from a University spin-out to NASDAQ-listed company status and a $285 million trade sale. He was chairman and CEO.
Kodiaq's more modest but still significant raise underlines 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 are said to increase energy density and 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 the technology is to potentially provide a scalable, cost-effective alternative to lithium and vanadium-based systems.
Also, by using organic chemistry rather than mined metals, Kodiaq says it can offer environmental and strategic advantages over competing technologies.
Dr Fyfe said: “Energy storage doesn’t have to be dependent on the price or availability of metals. Our approach will replace that dependency with something globally available, sustainable, and scalable. This investment enables us to move development to the point at which pilot projects will demonstrate how British innovation can deliver global solutions.
“Kodiaq’s business model combines deep scientific expertise with a clear commercial pathway. In a market increasingly shaped by geopolitical and material constraints, our metal-free chemistry represents both a competitive edge and a strategic opportunity.”
The funds just raised will be used to accelerate development with a view to raising a substantial round in mid-2026 to establish scaled-up demonstration projects in a number of 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 Fyfe.
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.