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Blixt and the EIC Accelerator: Batteries That Make AC Directly

September 30, 2026769 words4 min

Blixt, founded in 2018 in Kista, Stockholm, and led by Charlotta Holmquist, makes power electronics that replace mechanical parts of the electrical system with software-controlled ones, starting with the Blixt Zero solid-state circuit breaker. Its EIC Accelerator project, X-Verter, "Cell-level Controlled Battery System enabling software defined power", receives an EU contribution of €2,499,999 and runs from December 2024 to November 2026, according to CORDIS. It aims to industrialise a battery storage system that controls each cell and switches them to generate alternating current directly, without a separate inverter.

After the first year, the report says, Blixt moved X-Verter from a lab test bed towards a prototype for on-site customer demonstrations: it optimised the hardware, developed control algorithms, and tested functional prototypes that generated "step-wise sine wave generation directly from battery cells, validating the elimination of external power conversion stages", according to CORDIS. Pre-compliance work began on a certification strategy. The report lists extended pilots, full certification, industrialisation and "access to scale-up financing" as the next steps. Blixt raised a €5 million seed round in March 2024, co-led by Union Square Ventures and Energy Revolution Ventures, according to Blixt.

€5MSeed round, March 2024
2018Founded
22 of 24EIC project months elapsed
0Pilot customers announced

Company file

Legal entity
Blixt Tech AB, Kista (Stockholm)
Founded
2018
President
Charlotta Holmquist
Products
Blixt Zero solid-state breaker; X-Verter battery system
Investors
Union Square Ventures, Energy Revolution Ventures
Awards
CleanEquity and Mission Innovation, 2019
EIC funding
Blended finance, €2.5M grant

Where Blixt Stands Now

Blixt's news page has not announced X-Verter pilots, customers or funding since the seed round; its most recent items are archived award notices and a December 2024 interview in Automation magazine, according to Blixt. No EIC Fund investment has been announced. Its Swedish accounts were not accessible in free sources.

"What if we could use software in the same way we do in other parts of society? Imagine the impact that would have on electrical infrastructure."

Charlotta Holmquist, president of Blixt, December 2024

The Technology: Building a Sine Wave From Cells

Conventional battery storage stores direct current and converts it to alternating current in a separate inverter, which loses energy, the EIC report says. X-Verter switches cells in and out in sequence so that the stacked voltages trace a stepped sine wave, and the same software can reconfigure the system for industrial power, microgrids or backup. Blixt says this cuts losses, improves fault tolerance and extends battery life.

What the EIC Award Promised, and What the Record Shows

The project runs until November 2026. The first year reached functional prototypes; the step to a market-ready, certified product with customer demonstrations has not been documented publicly with two months left.

  1. Functional prototypesDeliveredDirect AC from cells.
  2. CertificationPre-complianceStrategy set.
  3. On-site customer demosNot announcedPlanned.
  4. Market-ready productNot shownProject target.

The Money

The award was blended finance, but no EIC equity has been announced. The report's call for "access to scale-up financing" shows Blixt will need more capital to industrialise X-Verter.

What Cannot Be Checked

Questions for the EIC

Whether the EIC Fund invested, whether any customer pilot is running, how X-Verter's efficiency compares with conventional inverters in tests, and Blixt's revenue are not public.

Why Europe Should Care

Battery storage is central to integrating renewables, the EIC report notes. A cell-level controller that removes the inverter stage would be a genuine technical alternative to today's systems. Blixt has to take it from prototype to certified product.

What the award promised

An industrialised, market-ready software-defined battery system.

What the record shows

Functional prototypes and pre-compliance work; no pilots public.

The Verdict

Works on the bench

Blixt proved its principle in prototypes. Whether it becomes a product is not visible yet.

Blixt and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.

Industry

EnergyEnergy storage

Focus
  • Battery storage
Technologies
  • Power electronics
  • Battery management
Keywords
  • Inverterless batteries
  • Software-defined power
  • Microgrids
  • Cell-level control

Start with the EIC Accelerator

Expert review for Step 1 and Step 2, suitability assessment and grant screening.

Eureka Network

Eureka Network offers multiple international collaborative R&D programs including Network Projects, Clusters, Eurostars, Globalstars, and Innowwide, with funding ranging from €50K to €6.75M per project depending on the specific program. The network focuses on market-driven innovation and deep-tech development across diverse technology sectors including ICT/Digital, Industrial/Manufacturing, Bio/Medical Technologies, Energy/Environment, Quantum, AI, and Circular Economy. Applicants include SMEs, large enterprises, research organizations, universities, and startups, with Eurostars specifically targeting R&D-performing SMEs.

EIC Transition

EIC Transition provides up to €2.5 million in funding to bridge the 'valley of death' between laboratory research and market deployment, focusing on technology maturation and validation. The program supports single legal entities or small consortia of 2-5 partners including SMEs, start-ups, spin-offs, and research organizations. Technology areas include Health/Medical Technologies, Green/Environmental Innovation, Digital/Microelectronics, Quantum Technologies, and AI/Robotics.

EIC STEP Scale-Up

EIC STEP Scale-Up offers substantial equity investments of €10-30 million for established deep-tech companies ready for hyper-growth and large-scale expansion. The program targets SMEs or small mid-caps with up to 499 employees who have secured pre-commitment from qualified investors. Focus areas include Digital & Deep Tech (Semiconductors, AI, Quantum), Clean Technologies for Net-Zero goals, and Biotechnologies.

EIC Pre-Accelerator

EIC Pre-Accelerator is a pilot program providing €300,000-€500,000 in funding for early-stage deep-tech development and preparation for the EIC Accelerator program. The initiative is exclusively available to single SMEs or small mid-caps from 'Widening countries' to support regional innovation development. The program covers deep-tech innovations across physical, biological, and digital domains.

EIC Advanced Innovation Challenges

EIC Advanced Innovation Challenges is a new pilot program offering €300,000 (Stage 1) and up to €2.5 million (Stage 2) for breakthrough deep-tech solutions through ARPA-style staged funding with demand-side integration. The program targets single entities or small consortia (2-3 partners) including SMEs, start-ups, and research organizations. Focus areas include Physical AI for autonomous robotics and New Approach Methodologies (NAMs) for animal-free biomedical testing, requiring TRL 4 entry with end-user commitment.

EIC Pathfinder

EIC Pathfinder offers up to €3 million for Open calls and up to €4 million for Challenge-based calls to support early-stage research and development with proof-of-principle validation. The program requires research consortia with a minimum of 3 partners from 3 different countries, including universities, research organizations, and SMEs. Technology focus areas include Health/Medical, Quantum Technologies, AI, Environmental/Energy, and Advanced Materials.

EIC Accelerator

EIC Accelerator provides flexible funding options including blended finance (€2.5M grant + €0.5M-€10M equity), grant-only (up to €2.5M), or equity-only arrangements for scale-up and market deployment of breakthrough innovations. The program targets SMEs, start-ups, and small mid-caps with up to 499 employees, with MedTech/Healthcare representing 35% of funded projects. Other technology areas include Biopharma, Energy, AI, Quantum, Aerospace, Advanced Materials, and Semiconductors.

Innovation Partnership

Innovation Partnership facilitates collaborative innovation between public and private sectors with typical funding of €1-5 million per project. The program supports cross-sectoral strategic technologies through public-private partnerships and consortia. Projects focus on addressing societal challenges through collaborative innovation approaches.

Innovation Fund

The EU Innovation Fund provides substantial funding of €7.5 million to €300 million for large-scale demonstration of innovative low-carbon technologies. The program targets clean energy, carbon capture, renewable energy, and energy storage technologies to accelerate the transition to a low-carbon economy. Applicants include large companies, consortia, and public entities capable of implementing large-scale demonstration projects.

Innovate UK

Innovate UK offers various programs with funding ranging from £25K to £10M depending on the specific initiative, supporting business-led innovation, collaborative R&D, and knowledge transfer. The organization funds projects across all sectors with particular focus on emerging technologies and supports UK-based businesses, research organizations, and universities. Programs are designed to drive economic growth through innovation and technology commercialization.

Industrial Partnership

Industrial Partnership provides €2-10 million in funding for industrial research and innovation partnerships focusing on manufacturing, industrial technologies, and digital transformation. The program supports industrial consortia and research organizations in developing collaborative solutions for industrial challenges. Projects aim to strengthen European industrial competitiveness through strategic partnerships.

Eurostars

Eurostars is a joint EU-Eureka program offering €50K-€500K for international R&D collaboration specifically led by SMEs. The program takes a bottom-up approach, accepting projects from all technology fields without predefined thematic restrictions. R&D-performing SMEs must lead the consortium and demonstrate significant R&D activities.

LIFE Programme

The LIFE Programme provides €1-10 million in funding for environmental protection, climate action, and nature conservation projects across the European Union. The program supports environmental technologies, climate adaptation strategies, and biodiversity conservation initiatives. Applicants include public authorities, private companies, NGOs, and research institutions working on environmental and climate challenges.

Neotec

Neotec is a Spanish program offering €250K-€1M in funding for technology-based business creation and development, supporting the growth of innovative Spanish SMEs and start-ups. The program covers all technology sectors and aims to strengthen Spain's technology ecosystem. Funding is specifically targeted at Spanish technology-based SMEs and start-ups to enhance their competitiveness and market presence.

Thematic Priorities

EU Thematic Priorities encompass various programs aligned with EU strategic priorities including green transition, digital transformation, health, and security initiatives. Funding amounts vary based on the specific program and call requirements, with projects designed to address key European challenges. Applicant eligibility varies by specific program and call, with different requirements for different thematic areas.
EIC AcceleratorBeneficiary Deep Dive#Blixt#battery storage#power electronics#energy transition#cleantech#Sweden
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