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In December 2022, REL invested $11.5 million of its $12.5 million commitment to Our Next Energy's (ONE) $300 million Series B round, valuing the company at over $1 billion.

ONE is a Michigan-based energy storage technology company working to develop batteries for mobility and large-scale storage applications. ONE will use the proceeds of the round to complete ONE Circle, its Van Buren Township, Michigan facility, which will be its first Lithium Iron Phosphate (LFP) battery manufacturing plant.

Find out more on the Our Next Energy, Inc. website.

Our Next Energy Inc

Our Next Energy Inc