Voya Energy has closed a $35 million Series A financing round led by Energy Impact Partners, with participation from John Doerr, Mantis VC, StepStone, Founders Fund, Overmatch, Seven Stars and additional institutional investors.
The Hayward, California-based company is developing an aluminum-based fuel system paired with an electrochemical generator that produces electricity without combustion or air emissions at the point of use. The technology converts low-grade scrap aluminum directly into electricity via a low-temperature electrochemical process, eliminating reliance on the utility grid.
Voya’s system is designed for large energy users such as data centers and industrial operators facing constraints in grid access, permitting or fuel logistics. Nearly a dozen companies across data centers, industry, transportation, utilities and infrastructure have signed on for pilot demonstrations.
The industrial-scale unit, housed in a standard 20-foot container, is expected to deliver up to 2 megawatts of power. At full scale, the system is engineered to provide approximately 100 megawatts of generation capacity and 10 gigawatt-hours of stored energy per acre, with a physical footprint roughly four times smaller than diesel generator fleets and 100 times smaller than grid-scale battery installations.
Initial deployments are scheduled for 2027, with manufacturing scale-up planned for 2028.
