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Cambridge-based Sun Catalytix Corp. announced Thursday the completion of a $9.5 million Series B funding round.
The energy storage and renewable fuels firm said the round was led by Tata Limited and included participation from Polaris Venture Partners and other investors, which weren’t disclosed.
Sun Catalytix said the funding would support continued development of the company’s technology, which aims to enable the conversion of electrical, solar or wind energy to storable energy at “transformative” cost targets.
The technology uses catalysts that split water and generate hydrogen and oxygen from water, producing renewable electricity in “benign and simple operating conditions,” according to the company.
Sun Catalytix spun out of MIT to commercialize water-splitting research from the labs of Daniel Nocera, an MIT chemistry professor.
In June, the company hired Tom Jarvi, an executive from a Connecticut fuel cell firm, to serve as its new chief technology officer.
The company received a $4.1 million award last November from the U.S. Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E). That same month, the company received a third round of seed funding from Polaris Venture Partners, worth $1 million.
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