Planar Energy Devices, Inc.

Planar Energy Devices is a power-storage company developing thin-film batteries. The Orlando, Fla.-based company is a spinout of the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), in Golden, Colo., and is a licensee of both NREL technology and technology from the DOE’s Oak Ridge National Laboratory. Battelle Ventures and its Knoxville, Tenn.-based affiliate fund, Innovation Valley Partners (IVP), were the sole investors in the company’s $4-million Series A funding round. General Partner Kef Kasdin sits on the Board of Directors. (See deal announcement.)

Company Web Site
www.planarenergy.com