BEST Magazine
12 May 2026
Flow battery developer CMBlu Energy achieves “unicorn” status
Why It Matters for ITAD
Market movements like this can signal shifts in demand for ITAD services. New technologies may create opportunities or challenges for equipment processing.
German long-duration energy storage company CMBlu Energy has achieved “unicorn” status after surpassing a valuation of €1 billion following the initial close of a €50 million Series C financing round. The round included participation from Samsung Ventures, while existing investors including Strabag SE increased their funding. The Alzenau-based company said the funding will support manufacturing…
Key Takeaways
- • Flow battery developer CMBlu Energy achieves “unicorn” status.
- • The Alzenau-based company said the funding will support manufacturing…
