EnerVenue Raises USD 300 Million in Series B+ Preferred Stock Financing and Names Henning Rath as Chief Executive Officer

EnerVenue Holding, Ltd. (“EnerVenue”) announced today the closing of its U.S. $300
million extension of its Series B preferred stock financing round. The extension round
was led by Full Vision Capital.

Incubated by Full Vision Capital, EnerVenue also announced the appointment of
Henning Rath as Chief Executive Officer (CEO). With the investment and strategic
support of the Hong Kong Investment Corporation Limited (“HKIC”), the company plans
to establish a regional headquarters in Hong Kong to coordinate sales across the region,
alongside an innovation center that will attract scientists from Hong Kong and abroad to
advance materials research. The company also intends to partner with local universities
to nurture industry talent.

Henning Rath appointed as CEO of EnerVenue

In recent years, Professor Yi Cui of Stanford University, together with the EnerVenue
team, has overcome longstanding industrialization barriers of Aqueous Metal Cell
(“AMC”) batteries, which have a proven heritage in aerospace applications, converting
this technological breakthrough into a scalable, commercially viable solution. Ranked
10th on TIME’s America's Top GreenTech Companies of 2025, EnerVenue is now
positioned as a pioneering leader in the global green energy revolution. The new round
of financing will further accelerate the large-scale industrial application of the energy
storage technology.

EnerVenue batteries and energy racks

“This $300 million extension of Series B preferred stock funding is a testament to the
strength of EnerVenue’s technology and the entire team’s execution,” said newly
appointed CEO Henning Rath. “The capital is crucial for further R&D of our core
technologies, ramp-up of large‑scale manufacturing, reinforcement of supply‑chain
robustness, and expansion of global commercial reach. It also provides runway for
achieving our short- and medium-term production capacity targets.”

Rath, an internationally recognized technology executive with a distinguished record of
building billion-dollar companies and deep expertise in the global energy sector, guided
the company to this successful funding milestone.

“Henning’s leadership has been pivotal in positioning EnerVenue for this growth phase,”
said Dr. Yi Cui, chairman of EnerVenue. “His strategic vision and operational credibility
were instrumental in building investor confidence and closing this significant round. His
deep expertise in industrial scaling and global market execution is exactly what
EnerVenue needs to achieve its ambitious manufacturing and deployment goals.”

Ms Clara Chan, CEO of the HKIC, remarked, “By investing in EnerVenue, the HKIC is
empowering the Company with our capital, platform and talent networks to accelerate
the development of the Company’s groundbreaking technology, and establishing a
model on the transformation of frontier green technology into industrial applications
and commercial return. Hong Kong will help companies like EnerVenue to optimise their
global action plan and serve as a gateway to international market, leveraging our
strengths as international financial center, “super-connector”, and “super valueadder”.As part of this journey, applications of the relevant green technology will also
contribute to the rest of the world, bringing benefits to all parties involved.”

Mr. Alan Chan, Co‑founder of EnerVenue and Managing Partner of lead investor Full
Vision Capital, said, “We are deeply honoured to receive the strong support and recognition of the HKIC. This marks an important step in accelerating our
mass‑production capabilities. With the launch of our Hong Kong regional office and
innovation center, we look forward to partnering with HKIC to leverage Hong Kong’s
pivotal role as a global green‑technology and green‑finance hub, and to advance the
city’s standing as an international technology and innovation center.

LA based artist leans on 15-year fly research to create art that demonstrates the saturation on salt in everyday dishes

SINGAPORE, March 31, 2026 /PRNewswire/ -- Renowned contemporary artist John Knuth reveals a groundbreaking new body of work: paintings created by houseflies' response to sodium in everyday food. Invited by Singapore's Health Promotion Board, John created striking art as part of "The Gallery of Hidden Salt," a visceral, immersive artistic experience now on view at the iconic Ion Orchard shopping mall.

For fifteen years, Knuth has explored the intersection of nature, perception, and artistic expression by collaborating with houseflies. Unlike traditional painting mediums, the fly's regurgitation becomes the brush. His primary focus has been on sugar; something flies are naturally high attracted too. However, this new project showcased flies' instinctive attraction to sodium, an invisible but when consumed in large quantities, harmful part of our everyday diet.

To bring the invisible to life, Knuth feeds houseflies dishes well-loved in Singapore's beloved hawker culture: mee rebus, curry prata, and fried fish soup with milk. The flies, drawn to hidden sodium through receptors on their mouths and legs, unconsciously map the exact locations where excess salt hides in our meals. The result, John's "Hidden Salt Uncovered by Flies."

"For the first time in my practice, I'm using flies not just as artistic collaborators, but as educators," Knuth explains. "They know where the sodium is. We don't. By creating these paintings, I'm asking viewers to see what their taste buds can no longer detect."

Each artwork is a dense, abstract composition of fly specks rendered in pigments scientifically calibrated to reflect sodium concentration. The more colour pigment there is on the plate (relative to the plate's size), the higher the sodium content. The result is both beautiful and unsettling. Abstract art with a hidden diagnostic purpose.

Knuth's flies become unlikely ambassadors for a simple truth. That awareness precedes change, and that art, at its best, awakens both.

For a deeper look into the artist's practice and the thinking behind his work, visit https://www.johnknuth.com/

Art Meets Science Meets Health

What distinguishes Knuth's work is its refusal to lecture. Instead of statistics or warnings, "The Gallery of Hidden Salt" offers visual poetry. The art invites contemplation rather than judgment, encouraging viewers to reconsider their own dietary choices through aesthetic experience rather than guilt.

"This project represents everything I believe art can do," says Knuth. "It can make the invisible visible. It can shift perspective. And it can inspire genuine change. Not through fear, but through understanding and beauty. It's certainly made me rethink my choices around salt."

A Global Perspective on a Local Crisis

While rooted in Singapore's food culture, Knuth's work carries universal resonance. As sodium overconsumption becomes a global health challenge - with one in three Singapore residents suffering from hypertension - his work speaks to audiences worldwide grappling with the tension between cultural food traditions and an imperative to live a healthier life.

About the Artist

John Knuth is a contemporary artist whose practice investigates the intersection of biology, perception, and aesthetics. For over a decade, he has created paintings through collaboration with houseflies, whose natural behaviors become the vehicle for abstract visual expression. His work has been exhibited internationally and is held in private and institutional collections. "Hidden Salt Uncovered by Flies" is the first iteration of his practice engaging with public health as artistic subject matter.

"Hidden Salt Uncovered by Flies" is on view at The Gallery of Hidden Salt, Orchard MRT linkway, Singapore, February 26 – March 25, 2026.

No insects were harmed in the making of this art.

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Artist Uses Flies to Reveal the Truth About Sodium