Puyallup Tribal Enterprises Becomes Lead Investor in Skip Technology
April 25 2024 - 6:00AM
Business Wire
In a strategic move demonstrating its commitment to
environmental stewardship and sustainable energy solutions,
Puyallup Tribal Enterprises (PTE) has become the primary investor
in Skip Technology (Skip Tech), a U.S.-based innovator that aims to
reduce fossil fuel dependence and electricity costs with infinitely
rechargeable clean energy storage that doesn’t require rare earth
mining.
Skip Tech and PTE have teamed up to work on a project that aims
to move away from using fossil fuels and toward renewable energy
storage. The goal is to manufacture prototype batteries in 2024,
marking a crucial step toward achieving their shared vision.
Skip Technology has developed a new type of battery that uses
bromine and hydrogen, instead of the conventional lithium. This
innovative design has no moving parts and is fully recyclable. By
using bromine, which is cost-effective and relatively safe, and
allowing hydrogen to evaporate in case of leakage, the battery
demonstrates an environmentally conscious approach.
“We will always fight to preserve and protect our environment,
and to support our Membership,” said the Puyallup Tribal Council,
the Tribe’s governing body. “PTE’s investment is great for our
Membership, the region and we think the entire world.”
“Skip Technology is delighted to be partnering with Puyallup
Tribal Enterprises on so many fronts, they are an ideal partner for
us,” said Brennan Gantner, CEO of Skip Technology. “We share their
vision to protect and preserve the environment, provide
high-quality local jobs and have a successful domestic
manufacturing business. It is an honor having them as a lead
financial investor and we are looking forward to utilizing their
manufacturing capacity.”
Fact sheets and high-resolution images are available for news
media use at
https://share.puyalluptribe-nsn.gov/nextcloud/index.php/s/erJwcmL5kC7rWTf
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version on businesswire.com: https://www.businesswire.com/news/home/20240424282483/en/
Skip Technology: info@skiptechnology.com
Michael Thompson, Communications Director, Puyallup Tribe of
Indians, (253) 382-6200; michael.thompson@puyalluptribe-nsn.gov