When was SaltX Technology founded?

SaltX Technology was founded in 2001 and raised its 1st funding round 7 years after it was founded.

Where is SaltX Technology located?

SaltX Technology is headquartered in Stockholm, Sweden.

Who is the current CEO of SaltX Technology?

Carl-Johan Liner of SaltX Technology.

How many employees does SaltX Technology have?

As of Aug 31, 2026, the latest employee count at SaltX Technology is 35.

Is SaltX Technology a funded company?

SaltX Technology is a funded company, having raised a total of $16.6M across 5 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on May 2008.

When was the latest funding round of SaltX Technology?

SaltX Technology's latest funding was a $***** Grant (prize money) round on Jun 30, 2020, with participation from 1 investor.

Where does SaltX Technology rank among its competitors?

SaltX Technology ranks 1st amongst 11 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was AQUABATTERY, which secured $6.39M in Apr, 2024.

Who are the top competitors of SaltX Technology?

SaltX Technology's top competitors include AQUABATTERY, Aquion Energy and Sunrise CSP. Among them, AQUABATTERY secured the most recent funding round in April, 2024.

SaltX Technology - 2026 Company Profile, Team, Funding & Competitors

Company Details

Saltwater based energy storage system. It has developed SaltX technology, which stores energy in salt crystals and converts it to heating and cooling, reducing energy consumption and costs by 1/3 as per their claims. It has three products HeatBoost for a water heater or a boiler, Verdacc for air conditioning of vehicles such as trucks, buses and construction equipment, CoolStore for air conditioning and energy storage to products such as solar thermal collectors and co-generation engines.

Website: www.saltxtechnology.com/
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Email ID: *****@saltxtechnology.com

Key Metrics

Founded Year

2001

Location

Stockholm, Sweden

Stage

Public

Total Funding

$16.6M in 5 rounds

Latest Funding Round

Grant (prize money), Jun 30, 2020, $*****

Investors

Northzone & 4 more

Ranked

1^st among 11 active competitors

Employee Count

35 as on Aug 31, 2026

Investment & Acquisitions

SunCool

Similar Companies

AQUABATTERY & 12 more

Exit Details

Public

View SaltX Technology's full profile

SaltX Technology has raised a total funding of $16.6M over 5 rounds. Its first funding round was on May 2008. Its latest funding round was a Grant (prize money) round on Jun 30, 2020 for $*****. 1 investor participated in its latest round. SaltX Technology has 5 institutional investors.

Here is the list of recent funding rounds of SaltX Technology:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 30, 2020	9767273	Grant (prize money)	6221353	4875171	1176609	7204920
Jul 01, 2018	9998835	Grant (prize money)	6591517	4652161	2741569	Europa
Mar 31, 2015	5211302	Grant (prize money)	1374568	2231241	2118303	EIC Fund

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View details of SaltX Technology's funding rounds and investors

SaltX Technology's employee count trend

SaltX Technology has 35 employees as of Aug 26. Here is SaltX Technology's employee count trend over the years:

Employee count trend for SaltX Technology

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Top competitors of SaltX Technology include AQUABATTERY, Aquion Energy and Sunrise CSP. Here is the list of Top 10 competitors of SaltX Technology, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SaltX Technology 2001, Stockholm (Sweden), Public	Saltwater based energy storage system	$16.6M	Northzone, Holcim & 3 others	59/100
2nd	AQUABATTERY 2014, Alphen Aan Den Rijn (Netherlands), Seed	Developer of long-duration energy storage solutions using saltwater-based flow battery technology	$6.39M	InnoEnergy, InnovationQuarter & 5 others	57/100
3rd	Aquion Energy 2008, Pittsburgh (United States), Acquired	Energy storage solutions for homeowners, businesses, and utilities	$165M	Advanced Technology Ventures, Total & 18 others	48/100
4th	Sunrise CSP 2013, Canberra (Australia), Unfunded	Developer of solar CSP technology	-	-	33/100
5th	Halotechnics 2009, Emeryville (United States), Deadpooled	Open-source vehicle platform enabling businesses to design and build electric vehicles	$920K	ARPA-E, DOE & 3 others	30/100
6th	DDMotion 2007, Owings Mills (United States), Seed	Developer of river turbine power generation technology	$1.54M	-	29/100
7th	BenAn Energy Technology 2017, Shanghai (China), Funding Raised	Manufacturer of the aqueous sodium-ion battery-based storage system	-	Southern Cross Venture Partners, SBCVC	27/100
8th	Terrafore 2007, Minneapolis (United States), Funding Raised	Thermal Heat storage technology developer	-	DOE, OSTI	22/100
9th	PhosphoPOWER Group 2018, Waterloo (Canada), Deadpooled	Manufacturer of the saltwater based storage system	-	-	21/100
10th	Salgenx 2022, Madison (United States), Unfunded	Provider of salt water flow battery	-	-	20/100

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SaltX Technology has acquired SunCool. SaltX Technology has not made any investments as of now.

Here is the latest report on SaltX Technology's sector:

Free

Energy Storage Tech - Sector Report

Edition: August, 2026 (89 Pages)

View all reports related to SaltX Technology

Media has covered SaltX Technology for a total of 18 events in the last 1 year, 9 of them have been about company updates and 3 about people movement.