Voya Energy Unveils Metal Fuels Energy System, Closes $35 Million Series A

Voya Energy Unveils Metal Fuels Energy System, Closes $35 Million Series A

Aluminum-based fuel and electrochemical generator deliver clean, firm power without combustion or grid dependence.

Financing led by Energy Impact Partners, with participation from John Doerr, Mantis VC, StepStone, Founders Fund, Overmatch, Seven Stars and other investors.

Voya Energy today unveiled a new energy system pairing proprietary aluminum-based metal fuel with a purpose-built electrochemical generator that produces electricity without combustion or air emissions at the point of use. The company also announced a $35 million Series A to advance commercial deployment.

The round was led by Energy Impact Partners (EIP), with participation from John Doerr, Mantis VC, StepStone, Founders Fund, Overmatch, Seven Stars and other institutional investors. The financing will support technology development, initial deployments in 2027 and manufacturing scale-up in 2028.