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California-based startup Copper creates battery-run stoves
CNBC Television· 2025-12-12 22:01
Company Overview - Copper, a California-based startup, invented a battery-equipped induction stove that plugs into a regular 120-volt outlet [2] - Copper leverages batteries to enhance appliance performance, simplify installation, ensure functionality during power outages, and support the grid [3] - Copper has secured $38 million in total funding from investors including Climactic, Prelude Ventures, Building Ventures, Voyager Ventures, Collaborative Fund, and Designer Fund [6] Market Opportunity and Partnerships - New York City's housing authority partnered with Copper in a $32 million deal to deploy 10,000 battery-equipped stoves into city-owned housing [3] - Copper is targeting multi-family housing developers and housing authorities [6] - Copper's technology offers a cost-effective alternative to maintaining aging gas pipe systems [4] Technology and Innovation - Copper's battery-equipped induction range offers an easy upgrade from gas to induction without electrical system upgrades [2] - The lithium-ion battery in Copper's stove can be charged during off-peak hours, creating a distributed storage farm [5] - Copper's solution addresses the challenge of increasing energy consumption from data centers, AI, and natural growth [5] Product and Pricing - Copper's induction ranges start at $6,000, but tax credits are available [6] - Copper's products are available for direct purchase on the company website [6]