A firm specialising in battery storage systems that seeks to reduce carbon emissions has secured a six-figure investment.

Kinross-based LIND Limited company has successfully closed a £900K seed investment deal with funding from prominent investors, including Green Angel Ventures, Scottish Enterprise, and the University of Strathclyde.

The firm says the substantial investment will drive innovation and commercialisation efforts, mainly focusing on introducing groundbreaking battery technology designed to operate efficiently at elevated temperatures.

Founded in 2019, LIND has collaborated closely with the University of Strathclyde on pioneering electrochemistry research.

Chief executive of LIND, Jamie Lindsay says the battery systems could be a good fit for off-grid farms where there are renewable energy sources. The firm is also working with long-duration applications where the battery charges during the summer and the stored power used to keep sheds warm in the winter.

Unlike conventional lithium-ion batteries, LIND's battery technology has a lifespan of more than 20 years.

The system is engineered to excel in hot climates and heating systems, offering a non-toxic and scalable solution for domestic households and large industrial applications, including agriculture.

Mr Lindsay said: “The deal is vitally important for us and will ensure we can successfully scale up the technology and focus on rolling it out across the next year and beyond. LIND focuses on developing bold alternative battery and heating products that impact customers and carbon emissions."

Chief technology officer at the firm, Declan Bryans said: “"We are excited about the possibilities this investment opens up for us.

“With our partners' support, we can expedite our research and development, introducing innovative energy solutions to the market. This technology benefits our end-users by empowering them to lower their environmental footprint and rewards them with substantial savings on their energy bills, fostering a greener and more economically sustainable future."

The company added it is ‘poised for transformation’ and will leverage the investment to drive innovation and scale-up production.

Director of Innovation and Industry Engagement at the University of Strathclyde, Meryl Levington, said: "We are proud to support LIND's growth and ambitions through our Strathclyde Inspire Entrepreneurs Fund and Stephen Young Entrepreneurship Awards, alongside our investment partners.

“It is an exciting spin-in company and underlines Strathclyde's commitment to supporting entrepreneurs and innovative companies who make a positive difference."